Is 'Big Tech' too big? A look at growing antitrust scrutiny
Posted in: Government & Policy at 06/06/2019 15:06
Is Big Tech headed for a big breakup?
The U.S. Justice Department and the Federal Trade Commission are moving to investigate Google, Facebook, Amazon and Apple over their aggressive business practices, and the House Judiciary Committee has announced an unprecedented antitrust probe , promising “a top-to-bottom review of the market power held by giant tech platforms.”
In addition, at least two 2020 presidential hopefuls have expressed support for breaking up some of technology’s biggest players amid concerns they have become too powerful.
Should Big Tech fear U.S. antitrust enforcers?
The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc’s Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.
The Federal Trade Commission (FTC) and the Department of Justice, which both have jurisdiction to enforce antitrust laws, have divided oversight over the four companies, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department, sources told Reuters.