Apple Pushes Back on House Antitrust Findings
After nearly a year and a half, the House Judiciary Committee this week released its findings as part of a broad antitrust investigation scrutinizing major tech companies -- Apple (NASDAQ: AAPL), Amazon, Alphabet subsidiary Google, and Facebook. Lawmakers concluded that market power in the digital economy is highly concentrated among the juggernauts.
"In recent years, each company has expanded and exploited their power of the marketplace in anticompetitive ways," Judiciary Committee Chairman Jerrold Nadler and Antitrust Subcommittee Chairman David N. Cicilline said in a joint statement. "Our investigation leaves no doubt that there is a clear and compelling need for Congress and the antitrust enforcement agencies to take action that restores competition, improves innovation, and safeguards our democracy."
Image source: Apple.
Source Fool.com
