Silicon Valley's antitrust troubles in Washington got real this week
Silicon Valley's antitrust troubles in Washington got real this week, as it became clear that every possible entity in the U.S. is pursuing investigations that could fuel attempts to break up the nation's biggest tech companies.
That means the agencies are entering uncharted territory — it's been decades, at least, since such a wide array of major powers across an entire industry have faced this kind of antitrust scrutiny all at once. But with their actions this week, Washington's biggest antitrust enforcers have sent a signal that they want to hear complaints. And odds are there will be many.
Mounting pressure in Washington from both political parties to put the internet companies under a microscope may have ignited the “healthy rivalry” that exists betweenFTC spokesperson Betsy Lordan said that “It would be a very unconventional use of the antitrust laws to go after it, and it would be an entirely novel claim," said Litan, who was principal deputy assistant attorney general in the department's antitrust division during the Clinton administration. "A judge would never have seen such a claim. But maybe they're trying to make new law.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. bank regulators sign off on 'living wills' for 82 foreign banksU.S. bank regulators said on Friday they had identified no shortcomings in "...
Read more »
Edison didn't invent them, but light bulbs have a fascinating 200-year historyTwo hundred years before LEDs were a multibillion-dollar industry, and decades before Edison showed up, light bulbs were an idea just starting to enter the minds of curious scientists. Watch the video to find out more about the evolution of the light bulb.
Read more »
Sprint, T-Mobile win U.S. antitrust approval for $26 billion mergerT-Mobile US Inc won U.S. antitrust approval for its $26 billion takeover of riva...
Read more »
States talk tech antitrust concerns with AG BarrSome of the states that had planned to attend the meeting have opened inquiries into Google’s practices.
Read more »
The DOJ’s antitrust review has serious implications for Big Tech’s payments and commerce effortsThe DOJ's antitrust review into Big Tech may directly impact the payments and commerce efforts of top players including Amazon, Facebook, and Apple.
Read more »