After a 15 month investigation, the U.S. House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law has issued a 449 page report concluding that Apple, Amazon, Facebook, and Google engaged in monopolistic practices.
According to ARS Technica, the committee conducted seven hearings, poured over a million internal documents, interviewed more than 200 people, and reviewed statements from nearly 40 antitrust specialists. They found proof that all four companies not only sought to minimize competition but continue to do so even today.
The purpose of antitrust isn’t just to split up monopolies but what a company did to become dominant in the market the company services. It’s not illegal for a corporation to dominate market share if it did so by becoming the largest by natural, consumer choice. The underlying dilemma is when companies seek to buy up or somehow inhibit competition that could pose a risk to an existing company’s market share.
For example, as ARS Technica notes, Facebook was not prevented by regulators from acquiring 60 different companies, including Instagram and WhatsApp. What Facebook did state in an internal memo from CEO Mark Zuckerberg to other corporate management is what lead the committee to conclude that Facebook was engaged in activities that violated antitrust standards:
Facebook’s serial acquisitions reflect the company’s interest in purchasing firms that had the potential to develop into rivals before they could fully mature into strong competitive threats.
Despite the committee calling for stronger enforcement of antitrust laws and breakups of the tech companies in question, it is highly doubtful that any of them will be. The best case scenario is what lead to the creation of Google when antitrust suits were brought against Microsoft: tie Google, Apple, Facebook, and Amazon up in court giving the ability for smaller competitors to gain a foothold and grow in the technology sectors the four presently predominate.
In many ways, I find antitrust laws to be abhorrent and wish there was another way to go about preventing the threat technology companies pose to a consumer’s survival. However, as the House committee report reveals, the technology companies in question knowingly opened themselves up to recent antitrust actions by violating rules through their seeking financial benefit using manipulation and control. That includes Facebook and Google’s domination of online advertising which impedes competition.
All of the technology companies in question, including Twitter, have sided with the Left and pose a metaphysical threat to our civilization’s survival resulting from the fraud they’ve conducted including to hinder the speech of their conservative and libertarian users. They all acted in a typical manner Leftists do thinking that they are above the law. Therefore, antitrust suits are the appropriate retaliation for their deceitful conduct.