Long-awaited ‌congressional‌ ‌investigation‌ ‌highlights‌ ‌big‌ ‌tech‌ ‌”monopoly”‌

This appeared in The Millennial Source

The report’s recommendations would amount to a seismic change in how the tech industry operates and could even lead to a “breaking up” of big tech companies.

The House Judiciary Committee’s antitrust panel has released its long-awaited investigation into America’s big tech corporations, declaring that “companies that once were scrappy, underdog startups” have now become “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.”

The report comes months after big tech executives were grilled in congressional hearings and as companies are facing growing antitrust scrutiny around the world.

The report’s recommendations would amount to a seismic change in how the tech industry operates and could even lead to a “ breaking up “ of big tech companies.

For now, however, Republicans and Democrats on the committee remain divided over the report’s recommendations, with the report itself authored predominantly by the committee’s Democratic majority.

But both sides are in agreement that greater antitrust scrutiny is needed against America’s large tech corporations, a rare sign of bipartisan agreement that big tech cannot afford…