Big Tech shares drop amid reports House subcommittee wants to split them up

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Shares of Amazon.com Inc. , Google parent Alphabet Inc. [GOOG], Facebook Inc. , and Apple Inc. were down Tuesday amid reports that a House subcommittee that has investigated anticompetitive business practices for more than a year is set to recommend splitting them up and limiting the scope of their future acquisitions. Amazon’s stock so far has taken the biggest hit, dropping 2.6%. Apple was down 2.2%, while Google slid 1.7%, and Facebook declined 1.5%. The subcommittee’s report making those recommendations is expected any day.
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