Before the world evolved into today’s level of technology, communication between people was very difficult. Trade was challenging and little happened around the e-commerce sector. However, the brains of great men who had amazing stories could make the world a small living community. They developed technological platforms that enabled people to trade, communicate, and relate with one another easily. Now there are tech firms under antitrust investigations. What happened?
Antitrust Investigations and the behavior pattern
Some of these tech platforms or companies are Facebook, Google, Amazon, and Apple. People consider them to be the biggest tech firms in the world since they control a larger territory of the tech industry. When these companies started, people had hope that the world would become even a smaller living society. Unfortunately, these same companies are involved in some inappropriate anti-competitive behavior patterns.
Amazon is an American tech firm in Seattle. It focuses mainly on e-commerce and digital streaming. It is the globe’s most valued brand. The company is the biggest internet firm in terms of revenue in the globe. Jeff Bezos, the current richest man in the world, founded the company in Washington. The company delivers downloads and streams of music and videos via its Prime Video, Twitch and Amazon Music divisions.
Facebook is an American social media firm in California. Mark Zuckerberg together with his roommates founded Facebook while at Harvard College. Just like Amazon, it is also one of the globe’s most valuable firms. It offers other services such as the FB Messenger, FB Watch, and FB Portal. Facebook has purchased Instagram, WhatsApp, and Oculus.
The Apple Company
Apple is an American tech firm in California. It deals with electronics, software, and online services. The firm’s hardware products are the iPhone, iPad, Mac computer, iPod, the Apple Watch, Air Pods, and Home Pod speakers. Its software is macOS, IOS, iPad OS, iTunes, Safari, and the Shazam. Apple is amazing since it has other services such as the Apple Store, AppleCare, Apple Pay Cash, and other services. Its founders are Steve Jobs, Wozniak, and Ronald Wayne.
Google is an American technology firm that focuses on internet-related services. Its founders are Larry Page and Sergey Brin. Sundar Pichai is the current Chief Executive Officer of the company. Google has received reproaches involving matters as tax avoidance, antitrust, and search impartiality.
The Dark Side Of These Big Tech Firms
Apart from Google having its antitrust issues, the other 3 firms are no better. Recently, some lawmakers challenged the CEOs of the big 4 tech companies. They are under antitrust investigations. Last month, the lawmakers in antitrust scrutiny into the tech field were working on how some names in the sector have increased. The procedure challenged Zuckerberg and Jeff Bezos.
The Committee Findings
The committee investigating concern found bothersome behaviors that firms show. This includes how a certain firm influences distribution and misuse control to increase domination.
David Cicilline challenged the Google company for being watchful on rivals in search. He mentioned emails found through the scrutiny between Google workers worried about how rival firms were increasingly influential.
The committee is planning to give a report showing its findings. The Federal Trade Commission and the Justice Department are the ones with the power to punish the big tech firms over unethical practices.