WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee’s antitrust panel discussed ways to tighten antitrust laws on Thursday, with two Republicans on the Democrat-dominated panel indicating potential support for some changes.
The antitrust subcommittee, chaired by Representative David Cicilline, is expected to release a much-anticipated report into the four big tech companies — Amazon.com Inc AMZN.O, Facebook Inc FB.O, Apple APPL.O and Alphabet’s Google GOOGL.O — as soon as Monday.
In the hearing, Cicilline said the tech companies used strategies such as self-preferencing and predatory pricing to grow. “These once-scrappy, underdog startups have grown into the kinds of monopolies we last saw more than a century ago,” he said.
One witness, Bill Baer, who headed the Justice Department Antitrust Division during the Obama administration,