The United States Congress' probe against four of the largest technology companies of the country, Amazon, Apple, Google, and Facebook, finds that everyone was abusing 'monopoly power' on their daily operations as it controls the industry. The Tech giants are known to have stakes among the technology industry, not just in America, but also in the whole world.

The investigation that ensued for almost 16 months now finds the four powerhouses to be guilty of monopolistic control over the country's technological industry. The United States Congress is now attacking the four companies, known to be some of the most significant stakeholders in the country.

According to CNN, the technology companies were discovered to 'abuse their dominance' in the tech industry and trades, mainly profiteering among the public. The said act is a red flag for the US government as it promotes unfair opportunities in the market, especially against start-ups and small-scale companies.

The future will be unclear for the large tech companies, all based in the United States. The Federal Trade Commission (FTC) recently went against Facebook's Instagram and WhatsApp holdings, currently under trial. Facebook is preparing to retaliate with a defense that will save both applications from the law.

Apart from the FTC, the United States' Congress and the Justice Department are preparing its litigations and case against the 'Big Four.' The law is now seeking even those who hold significant stakes in the US market, including the Fortune 500 companies, known to dominate the country's markets.

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FTC's Antitrust Law, Congress, and Judiciary: No Monopoly

The US government is now making a move against the country's massive companies as they discover the hold they have over the marketplace. Initially, only the FTC was regulating the law and going against these companies, but recent events reveal that the country is not too pleased about it.

The Antitrust Law aims to protect America's consumers and the way they consume products from several companies. As they call it, ' Business strategies are a form of monopolistic tactics several companies use to take over the market and eliminate the competition.

FTC and other government entities are now pursuing the tech giants known to have multiple companies under its sleeves, all extremely popular as its mother company. Facebook alone has significant stakes in the country and the world's social media with the Facebook website, Messenger, Instagram, and WhatsApp.

What Will be the Tech Giant's Future?

The House of Judiciary Committee of the government recently posted a 450-page report that details the characteristics of the companies entangled in the issue of market 'monopoly.' This move by the tech giants is inconsiderate maligns customer choices by providing everything in their companies.

The 'anticompetitive' tactic presented by the companies is unacceptable in the US market, and the government is making that clear amongst Amazon, Apple, Google, and Facebook. Moreover, 'significant evidence' finds that these companies are indeed practicing 'monopoly power' among the public, limiting their choices and liberty.

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Written by Isaiah Alonzo

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