U.S. Congressional Legal Committee conducts antitrust investigation of four largest
What does it mean
According to committee chairman JeroldNadler, there is information that the group of companies has captured a huge market share of online commerce and communications. To understand this situation - Congress requested documents regarding their activities from Amazon, Facebook, Apple and Alphabet.
In particular, these are data regarding competitivePractices and key business decisions, as well as personal emails from heads of companies. Congress is most interested in the correspondence of Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook founder Mark Zuckerberg, and Alphabet's main individuals, Larry Page, Sergey Brin Brin) and Eric Schmidt.
The authorities are also interested in acquisitions.Facebook, including Instagram, WhatsApp and the Onavo web analytics company, and potential competitive threats, Amazon algorithms, Google’s advertising activities. As for Apple, there have been many suspicions and accusations that the company prefers its own applications in the App Store compared to competitors.
Companies must provide documents and correspondence by October 14th.