Facebook, Amazon, Apple and Alphabet asked to turn over documents
Leaders of the House Judiciary Committee requested documents from Amazon, Apple, Facebook and Google parent company Alphabet, the committee announced Friday.
Among other information, the committee requested executives emails related to competition matters and documents provided to U.S. and international regulators from the past 10 years related to the Clayton Act, which deals with reviewing potentially anticompetitive mergers, according to a press release.
The request shows the committee is ramping up an antitrust review as federal regulators and attorneys general from 50 states and territories are prepping their own probes. In letters to chief executives of the four companies, the bipartisan group of committee leaders said the investigation will focus on three elements. The first is competition problems in digital markets, followed by whether dominant firms are engaging in anti-competitive conduct online and finally, whether current laws and enforcement can effectively deal with these issues.
Tech executives testified in front of the House Judiciary subcommittee on antitrust in July, but the subcommittees ranking member, Rep. Jim Sensenbrenner, R-Wis., said lawmakers still need more information.
https://www.msn.com/en-us/money/companies/facebook-amazon-apple-and-alphabet-asked-to-turn-over-documents/ar-AAHfyQL?li=BBnb7Kz