Articles for Monopoly Power

Elizabeth Warren urges the DOJ to investigate poultry companies for soaring price of turkeys
3 years, 1 month ago

Elizabeth Warren urges the DOJ to investigate poultry companies for soaring price of turkeys

Daily Mail  

Sen. Elizabeth Warren demanded an investigation into the cost of Thanksgiving turkeys on Tuesday, accusing poultry farmers of using monopoly power to jack up prices. Last week the American Farm Bureau Federation said the average cost of this year's turkey feast had jumped by 14 percent. With consumers already facing record gas prices, Warren called on the Department of Justice …

Turkey Prices Price Warren Poultry Elizabeth Warren Turkey Prices
How Joe Biden Became A Trust Buster
3 years, 4 months ago

How Joe Biden Became A Trust Buster

Huff Post  

Barry Lynn had spent years trying to convince American politicians to worry about corporate concentration. “But let me be very clear: Capitalism without competition isn’t capitalism; it’s exploitation.” Other pivotal moments included Donald Trump’s election and the role that Big Tech played in his success, the New America Foundation’s expulsion of Lynn’s think tank at the behest of Google, the …

Policy Trust Corporate Tech Congress Trump Competition
New FTC Chair Lina Khan Wants To Redefine Monopoly Power For The Age Of Big Tech
3 years, 5 months ago

New FTC Chair Lina Khan Wants To Redefine Monopoly Power For The Age Of Big Tech

NPR  

New FTC Chair Lina Khan Wants To Redefine Monopoly Power For The Age Of Big Tech Enlarge this image toggle caption Saul Loeb/POOL/AFP via Getty Images Saul Loeb/POOL/AFP via Getty Images Not even a month into her role leading one of the country's most powerful regulatory watchdogs, the new head of the Federal Trade Commission Lina Khan faces her first …

Law Tech Power Companies Antitrust Big Facebook
House lawmakers introduce Big Tech bills that could break up Amazon, Google and others
3 years, 6 months ago

House lawmakers introduce Big Tech bills that could break up Amazon, Google and others

CNN  

CNN Business — Tech giants including Amazon, Apple, Facebook and Google could be forced to make sweeping changes to their businesses under a series of new bills introduced Friday by House lawmakers targeting the companies’ economic dominance. “In such instances the bill requires dominant platforms to divest lines of business where the platform’s gatekeeper power allows it to favor its …

Business Tech Amazon Google Legislation Power Companies
House panel says big tech wields monopoly power
4 years, 2 months ago

House panel says big tech wields monopoly power

Live Mint  

America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. The report released Tuesday from Democratic staff of the House Antitrust Subcommittee capped a 16-month inquiry into the market power …

Tech Congress Search Google Power Companies Antitrust
House report accuses Big Tech of ‘monopoly power’
4 years, 2 months ago

House report accuses Big Tech of ‘monopoly power’

CNN  

CNN Business — A 16-month congressional investigation into Amazon, Apple, Google and Facebook has found that the tech giants hold “monopoly power” in key business segments and have abused their dominance in the marketplace, in a full-throated condemnation of the giants. In a 450-page report, staffers for the House Judiciary Committee’s antitrust panel wrote that there is “significant evidence” to …

Business Market Tech Google Power Companies Antitrust
4 Key Takeaways From Washington's Big Tech Hearing On 'Monopoly Power'
4 years, 4 months ago

4 Key Takeaways From Washington's Big Tech Hearing On 'Monopoly Power'

NPR  

4 Key Takeaways From Washington's Big Tech Hearing On 'Monopoly Power' Enlarge this image toggle caption Mandel Ngan/AP Mandel Ngan/AP Four Big Tech CEOs spent Wednesday being grilled — virtually — by House lawmakers, creating a first-ever spectacle that was by turns revealing and, inevitably, awkward. Here are some key takeaways from the hearing: Bezos "can't guarantee" Amazon never used …

Tech Amazon Google Power Companies Hearing Cook