Tech Companies On Red Alert As The Feds Threaten Anti Trust Action

The US Government is now looking at investigating anticompetitive behaviors by Apple, Amazon, Facebook and Google. If the probe does go ahead, they are likely to be investigated by the Justice Department rather than the FTC. Reuters had this to say:

The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies.

The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department.

And:

Separately, the House of Representatives Judiciary Committee opened its own investigation into competition in digital markets, with both Republicans and Democrats expressing concern about the power exercised by tech giants.

This isn’t good for any of these companies as it is certain that the US Government will find something that they are each hiding. You can fully expect a major PR blitz as well as visits to Capitol Hill by the CEOs of these companies in the near future as they attempt to derail this.

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