Google and Amazon Are at the Center of a Storm Brewing Over Big Tech
Posted in: Government & Policy at 03/06/2019 22:48
Google and Amazon have thrived as American regulators largely kept their distance. That may be changing.
Politicians on the right and left are decrying the tech companies’ enormous power. President Trump and other Republicans have taken swipes at Amazon over taxes and at Google over search results they say are biased. Democrats have focused on whether the companies stifle competition.
And now, the two federal agencies that handle antitrust matters have split up oversight of the two companies, with the Justice Department taking Google and the Federal Trade Commission taking Amazon, according to three people with knowledge of the matter.
Facebook, Google and other tech giants to face antitrust investigation by House lawmakers
House lawmakers plan a sweeping review of Facebook, Google and other technology giants to determine if they’ve become so large and powerful that they stifle competition and harm consumers, marking a new, unprecedented antitrust threat for an industry that’s increasingly under siege by Congress, the White House and 2020 presidential candidates.
The probe, announced Monday by Rep. David Cicilline (R.I.), the leader of the House’s top anti-trust subcommittee, is expected to be far reaching and comes at a moment when Democrats and Republicans find themselves in rare alignment on the idea that the tech industry has been too unregulated for too long. The sentiment spurred a sharp sell-off in tech stocks to start the week.
Tech monopoly? Congress increases antitrust scrutiny on Facebook, Google, Amazon
Congress is launching a bipartisan investigation into digital markets and the tech industry, looking into giants such as Facebook, Google and Amazon for “competition problems” and “anti-competitive conduct”.
“The open internet has delivered enormous benefits to Americans, including a surge of economic opportunity, massive investment, and new pathways for education online,” House judiciary chairman Jerrold Nadler said in a statement. “But there is growing evidence that a handful of gatekeepers have come to capture control over key arteries of online commerce, content, and communications.”