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TechnologyFTC chief: Breaking up tech companies is 'messy,' but still doable

19:56  14 august  2019
19:56  14 august  2019 Source:   cnet.com

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The Federal Trade Commission is apparently willing to break up big tech companies if it has to. In an interview with Bloomberg Tuesday, FTC The FTC is currently investigating whether companies like Facebook have made anticompetitive moves. The agency is reportedly focused on whether

FTC Chairman Joe Simons, who is leading a broad review of the technology sector, said in an interview Tuesday that breaking up a company is challenging, but could be the right “If you have to, you do it,” Simons said about breaking up tech companies . “It’s not ideal because it’s very messy .

The Federal Trade Commission is apparently willing to break up big tech companies if it has to. In an interview with Bloomberg Tuesday, FTC Chairman Joe Simons said that if necessary, the FTC could undo past mergers.

FTC chief: Breaking up tech companies is 'messy,' but still doable© Provided by CBS Interactive Inc. Federal Trade Commission Chairman Joe Simons said the FTC could break up tech companies. Getty Images

"It's not ideal because it's very messy. But if you have to you have to," he said.

The FTC is currently investigating whether companies like Facebook have made anticompetitive moves. The agency is reportedly focused on whether Facebook's purchases of companies such as Instagram and WhatsApp were part of the social media giant's strategy to stifle competition. Facebook revealed earlier this month that the FTC had launched an antitrust probe into the company, but didn't provide many details. The announcement came shortly after the agency said it was fining Facebook a record-setting $5 billion for alleged privacy missteps.

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The chair of the Federal Trade Commission , Chairman Joe Simons, acknowledged in an interview on Tuesday that perhaps maybe, just maybe, one outcome of an FTC task force inquiry into whether tech giants violated anticompetition laws could be forcing them to “It’s not ideal because it’s very messy .

FTC Chairman Joe Simons, who is leading a broad review of the technology sector, said in an interview Tuesday that breaking up a company is challenging, but could be the right “If you have to, you do it,” Simons said about breaking up tech companies . “It’s not ideal because it’s very messy .

FTC chief: Breaking up tech companies is 'messy,' but still doable© CNET

Federal Trade Commission Chairman Joe Simons said the FTC could break up tech companies.

In July, the Department of Justice kicked off its own antitrust review of online platforms.

The FTC declined to comment.

FTC chief: Breaking up tech companies is 'messy,' but still doable© Provided by CBS Interactive Inc.
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