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U.S. Moving Toward Major Antitrust Investigation Of Tech Giants
The U.S. government is gearing up to investigate whether Amazon, Apple, Facebook and Google misuse their massive market power, sources told Reuters on Monday, setting up what could be an unprecedented, wide-ranging probe of some of the world’s largest companies.
The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department.
<snip>
Shares of Facebook Inc fell 7.5% on Monday while Google’s owner Alphabet Inc shed more than 6%. Amazon.com Inc shares fell 4.6% and Apple Inc dipped 1%.
The Justice Department and FTC generally do not discuss investigations.
U.S. President Donald Trump has called for closer scrutiny of social media companies and Google, accusing them of suppressing conservative voices online, without presenting any evidence.
He has repeatedly criticized Amazon for taking advantage of the U.S. Postal Service, also without evidence. Trump has frequently taken aim at Amazon’s Chief Executive Jeff Bezos, who privately owns the Washington Post, a newspaper which often criticizes Trump.
https://www.huffpost.com/entry/us-antitrust-investigation-amazon-facebook-google-apple_n_5cf5bccee4b0a1997b6f9ca0
The Federal Trade Commission and the Department of Justice, which enforce antitrust laws in the United States, have divided oversight over the four companies, two sources said, with Amazon and Facebook under the watch of the FTC, and Apple and Google under the Justice Department.
<snip>
Shares of Facebook Inc fell 7.5% on Monday while Google’s owner Alphabet Inc shed more than 6%. Amazon.com Inc shares fell 4.6% and Apple Inc dipped 1%.
The Justice Department and FTC generally do not discuss investigations.
U.S. President Donald Trump has called for closer scrutiny of social media companies and Google, accusing them of suppressing conservative voices online, without presenting any evidence.
He has repeatedly criticized Amazon for taking advantage of the U.S. Postal Service, also without evidence. Trump has frequently taken aim at Amazon’s Chief Executive Jeff Bezos, who privately owns the Washington Post, a newspaper which often criticizes Trump.
https://www.huffpost.com/entry/us-antitrust-investigation-amazon-facebook-google-apple_n_5cf5bccee4b0a1997b6f9ca0
God what a fucking crybaby. Social media companies don't censor conservative voices because they're conservative. They have these things called "rules" and conservatives repeatedly violate them. You can't be a racist, sexist, homophobic, anti-semitic, misogynistic jackass and not face the consequences of your actions. And it doesn't take the DOJ to figure that one out. Just...
