Tech monopoly? Facebook, Google and Amazon face increased scrutiny

Congress to investigate whether giant tech firms are guilty of 'anti-competitive conduct' as markets see tech stocks plummet

Congress is launching a bipartisan investigation into digital markets and the tech industry, looking into giants such as Facebook, Google and Amazon for "competition problems" and "anti-competitive conduct".

"The open internet has delivered enormous benefits to Americans, including a surge of economic opportunity, massive investment, and new pathways for education online," House judiciary chairman Jerrold Nadler said in a statement. "But there is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications."