Antitrust Troubles Snowball for Tech Giants as Lawmakers Join In - News Summed Up

Antitrust Troubles Snowball for Tech Giants as Lawmakers Join In


WASHINGTON — The federal government is stepping up its scrutiny of the world’s biggest tech companies, as regulators divvy up oversight of the Silicon Valley giants and lawmakers move to investigate whether they have stifled competition. After recent negotiations, the Justice Department will handle Apple and Google, while the Federal Trade Commission will take Facebook and Amazon. Lawmakers in the House said on Monday that they were looking into concerns that could lead to the first overhaul of antitrust rules in decades, in a push to keep pace with a rapidly changing industry. The focus on antitrust, long relegated to academic debates and industry griping, has now entered the political world, leaving the tech giants potentially vulnerable to new regulations and federal lawsuits.


Source: New York Times June 03, 2019 16:40 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */