TechnologyDOJ is working with states on antitrust investigations of tech companies
Justice Department Opens Antitrust Review of Big Tech Companies
The Justice Department said on Tuesday that it would start an antitrust review into how powerful internet companies had accumulated market power and whether they had acted to reduce competition, in another threat to the growing power of America’s technology giants. The Justice Department did not name specific companies in a news release announcing the review, but noted that it would look into concerns about search, social media and some retail services — presumably putting Google, Facebook and Amazon on notice.
The Justice Department's antitrust leader, but he's still content to investigate potential wrongdoing. Division chief Makan Delrahim at a Colorado tech policy conference that the DOJ was working with state attorneys general on investigations of the market influence of tech companies. He added that he didn't think the laws had to change "at this time" to pursue any possible cases, arguing that current laws were "quite flexible" and allowed "timely and aggressive enforcement."
The statement came weeks after the DOJ launched aof competition in tech, and mere hours after Wall Street Journal sources a group of states were pursuing a joint antitrust investigation of their own. It's not certain if these particular campaigns will be linked, but it wouldn't be surprising if there was cooperation.
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The DOJ's strategy is fairly clear, at least. Delrahim said his team was examining not just effects on pricing, but also innovation and quality. Officials will want to see if heavyweights like Amazon, Apple, Facebook and Google are making it unnecessarily difficult for bolder rivals to get off the ground. Although there's no guarantee the DOJ will take action, the mere threat of it places tremendous pressure on the tech world to change its ways. There are already signs that companies like Apple areif they can escape legal trouble.
EU may need to regulate tech giants' data use: EU antitrust chief.
EU may need to regulate tech giants' data use: EU antitrust chief
DOJ investigates potential antitrust behavior in tech sector
The Justice Department is investigating potential antitrust behavior from tech companies. CNBC's Ylan Mui reports.
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