The U.S Justice Department Opens Antitrust Review of Big Tech Companies

Anerdyblackguy

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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.
 

DEAD7

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What would breaking up facebook accomplish? :scust:
What does breaking up Amazon accomplish other then increasing cost to consumers?:francis:
Google:manny:I understand looking into it... but im still not sold.
 

Mook

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If you own too many of the moving parts of your industry you're too big. Too big to fail is actually real.

Amazon is too big to fail. They need to immediately be broken up along with Walmart.

You own the space, the products, and all of the logistics? :camby:
 

MMS

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Google:manny:I understand looking into it... but im still not sold.

specifically with Google...

How many people use google exclusively before they look at anything online (compare those with Chrome browsers to safari, edge, firefox etc)?

For those people, 90% of whats clicked is displayed on the 1st page

60% of whats clicked is in the first 3 positions

they have effective control over what billions of people see and interact with daily. If companies want to be visible they must pay to do so (and generally to Google).

Now knowing this....at what point do you call this power a monopoly?
 
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