It was about the high commission fees charged by the giants and their requirements to use their payment system. According to the congressman, this is a sign of “monopolistic power”, which leads to higher prices on consumers.

Reuters reported that Republican Senator Marsha Blackburn accused Silicon Valley companies of “arrogance” and refused to engage in congressional affairs. “I don’t want to say that big technology is bad because big is not bad. Clearly, regulation is needed now,” Blackburn added.

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Apple is defending itself, according to Reuters, in a letter it sent to lawmakers with its link to “protecting pro-consumer values.”

Google has already reduced the commission it charges an app for using its payment system, although it will reduce its revenue. We have made our concerns clear to Congress. Mark Isakovitz, Google’s vice president, told the public that this law could destroy many consumer benefits offered by current payment systems and distort competition by excluding gaming platforms, which boils down to Congress’ attempt to artificially determine winners and losers in a highly competitive market. Policy.

Source: Reuters