Quantcast
Published On: Wed, Jul 24th, 2019

DOJ opens anti-trust investigation into Big Tech: Facebook, Google, Apple, Twitter and Amazon

The Justice Department is opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition, adding a new Washington threat for companies such as Facebook, Google, Amazon.com and Apple.

The agency will examine practices of online platforms that dominate internet search, social media and retail services, the DOJ said in a statement Tuesday.

The DOJ said its antitrust division will collect information from the public, other companies and industry participants.
The U.S. government has already taken some fairly extraordinary (albeit toothless) steps to bring big technology companies to heel. Earlier this month, Facebook was slapped with a $5 billion fine for violating the terms of its consent agreement with the Federal Trade Commission.
In a June interview, Apple CEO Tim Cook said “I don’t think anybody reasonable is gonna come to the conclusion that Apple’s a monopoly,” because “we don’t have a dominant position in any market.”
The DOJ said in Tuesday’s release that it’s looking into competition, “stifled innovation” and the impact on consumers.

“Without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands,” said Makan Delrahim, assistant Attorney General of the Justice Department’s antitrust division, in the statement. “The Department’s antitrust review will explore these important issues.”

Shares of Alphabet (Google’s parent company), Apple, Facebook and Amazon fell in after-hours trading.

New analysis on Planned Parenthood videos confirms they are authentic and free of editing

Vanda Pharmaceuticals, ‘Hetlioz’, drug to to treat non-24-hour sleep-wake disorder receives FDA’s nod

CDC: Dozens of staff potentially exposed to anthrax, antibiotics provided

 

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- The generic Dispatch designation, used primarily for press releases or syndicated content, but may be used for guest author requesting a generic nomenclature

Tags

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Sign up for our Weekly Newsletter



Categories

Archives

At the Movies



Pin It