Justice Department Opens Antitrust Review of Big Tech Companies

[SummerMadness]

Justice Department Opens Antitrust Review of Big Tech Companies

The federal government has turned its full investigative powers toward examining the world’s biggest technology companies, building on a backlash against the industry that has been growing for over a year.

The Justice Department said on Tuesday that it would start an antitrust review into how internet giants had accumulated market power and whether they had acted to reduce competition. Similar inquiries are underway in Congress and at the Federal Trade Commission, which shares antitrust oversight responsibilities with the Justice Department.

 

[thecolorsblend]

Excellent, long overdue.

 

[Tanj]

I agree, why have 2 pointless inquiries when you can have 3. What a great use of tax payer money.

 

[joshua 1 9]

Excellent, long overdue.

Long meaning what? A day, a week a month? These tech companies have not been around for very long. Amazon has gone from nothing 22 years ago to the biggest company today. This is what they use to refer to as overnight success. If people knew they were going to be as big as they are today then people should have invested in them and made themselves some money.

 

[Arcangl86]

I'm curious to see how this turns out, because anti-trust law has historically been interpreted to be about consumer prices, and since two of the big three tech companies are free, I wonder how that applies.