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