U.S. Congress, enforcement agencies target tech giants

U.S. Congress, enforcement agencies target tech giants


there might be probes launched against
Silicon Valley’s tech giants like Amazon and Google for potential antitrust
violations our Connie Lee reports the US Federal Trade Commission and the
Department of Justice have reportedly divided up oversight of Amazon Apple
Facebook and Google clearing the path for possible investigations into
antitrust violations citing anonymous sources Reuters reports the Justice
Department’s Antitrust Division met with FTC officials in recent weeks and agreed
to hand over the jurisdiction to the Justice Department to launch potential
antitrust probes of Apple and Google account
the FTC was given the authority to inspect Amazon and Facebook while there
have been no official statements from the government agencies the latest moves
if confirmed could be a sign of closer Watchers on the tech giants that have
faced rising criticism over disinformation and privacy violations
the question of whether these companies violate antitrust regulations has long
been the subject of debate and Industry complaints in Congress the chairman of
the House Judiciary Subcommittee on antitrust David Cicilline said lawmakers
are looking into the tech giant’s possible anti-competitive behavior and
the committee informed the companies all the investigation plans Cicilline added
that if the House probe finds wrongdoings lawmakers will push the
Justice Department and the FTC to dig deeper the for tech companies declined
to comment on the report with the media frenzy about possible investigations
from antitrust regulators shares in Facebook Google Amazon and Apple all
fell on Monday Connie mo Arirang news

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