BRYAN R. SMITH via Getty ImagesWASHINGTON (Reuters) — The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world’s largest companies. The news sent shares of tech companies spinning. Facebook’s stock price fell 7.5 per cent Monday, while Google parent company Alphabet saw its shares fall 6.1 per cent. Amazon stocks slipped 4.6 per cent and Apple fell 1 per cent by the end of the trading day. 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.

Source: Huffington Post June 03, 2019 21:11 UTC