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Report: House Democrats looking into splitting big technology firms

Credit: Anthony Quintano

From MarketWatch.com……

House Democrats investigating the power of big technology firms are looking at possibly breaking up the companies, according to published reports.

Politico, which first reported the news, as well as Bloomberg News and Reuters, reported a memo from a Republican on the House antitrust subcommittee. According to the reports, Rep. Ken Buck, a Republican, says the Democrats are drafting ideas that would limit future acquisitions of giants such as Amazon AMZN, +2.37%, Google owner Alphabet GOOG, +1.89%, Apple AAPL, +3.07%, and Facebook FB, +1.81%. Buck said he agreed with some of the measures, while disagreeing with more far-reaching breakup proposals.

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