Big Tech Under Attack: Key Allegations in House Antitrust Report
- Apple has monopoly over developers; Google squashed verticals
- Amazon dominates small sellers; Facebook stunted Instagram
The U.S. Capitol in Washington, D.C., U.S. on Oct. 6.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
A House panel released a report proposing reforms to curb the power of the four largest U.S. internet companies. Here are the main allegations:
The iPhone maker is a monopolist that uses its dominance to harm rivals and consumers, according to the report. The subcommittee argued that Apple’s cut of App Store purchases, typically 30%, is “exorbitantly high,” and that it gives its apps priority in the App Store.