Justice Department Opens Antitrust Review of Big Tech Companies
The Justice Department said on Tuesday that it would start an antitrust review into how powerful internet companies had accumulated market power and whether they had acted to reduce competition, in another threat to the growing power of America’s technology giants.
The Justice Department did not name specific companies in a news release announcing the review, but noted that it would look into concerns about search, social media and some retail services — presumably putting Google, Facebook and Amazon on notice.
This latest review comes on the heels of the Justice Department and the Federal Trade Commission splitting up potential antitrust investigations into the three companies and Apple.
This is a developing story and will be updated.
The Justice Department said on Tuesday that it would start an antitrust review into how powerful internet companies had accumulated market power and whether they had acted to reduce competition, in another threat to the growing power of America’s technology giants.
The Justice Department did not name specific companies in a news release announcing the review, but noted that it would look into concerns about search, social media and some retail services — presumably putting Google, Facebook and Amazon on notice.
This latest review comes on the heels of the Justice Department and the Federal Trade Commission splitting up potential antitrust investigations into the three companies and Apple.
This is a developing story and will be updated.
I understand looking into it... but im still not sold.
