to connectVideoJustice Department to open the probe into a digital companies
The ministry of justice to examine, search, social media, and a number of online retailers to engage in anti-competitive practices, by Kristin Fisher reports from Washington dc.
The Department of Justice has opened a broad antitrust investigation into the question of whether Silicon Valley giants have unduly restrictive of competition.
With the announcement that, under the Attorney-General, William Barr, confirmed that Facebook, Google, and Amazon are all in the picture, significantly increasing the pressure on Large Tech, as well as lawmakers conduct their own public hearings on issues of security, privacy, hate speech and content-to-moderate.
The review will be to address the concerns of consumers, businesses, and business owners have expressed about the & quot; search, social media, retail, and online services,” according to a department news release.
“Without the discipline of effective market competition on the basis of a digital platform able to act in a manner which does not respond to the demand of the consumers,” Assistant Attorney General Makan Delrahim of the Anti-trust Division, said in a statement. “The Department’s anti-trust review, will explore these important issues.”
At the moment it is not known how long the investigation will take time, and it is possible that some of the Justice Department’s work should be able to interface with the current leads of the Large-Tech for the Federal Trade Commission.
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“There is no predetermined end-goal is still in front of the Large Tech review, other than to find out whether there are anti-trust issues that need to be addressed, but they are some of the options are on the table, the officials said. The research could eventually lead to a more focused investigation of specific business conduct,” the sources told The Wall Street Journal.
The Ministry of Justice will also be on the look out for the information of the general public, and other stakeholders in the industry who have direct knowledge of the competition in the online platform.
The Ministry of Justice is already at work investigating these antitrust issues.
“It’s recently hosted a private presentation to the government officials, heard from the critics, from Facebook, including academics, who have pushed through their concerns about the social-media giant, and calling for the split, according to people familiar with the meeting,” the Magazine reports.
As Fox News reported earlier, the Ministry of Justice has examined whether the Script, which is the parent company of Google, it is in the pursuit of monopolistic practices. The Mountain View, Calif., the company has also come under fire from conservatives who accuse it of being biased against them by a Google Search, and Google News. Google strongly denied any political bias in its products.
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The Federal Trade Commission announced on Wednesday in a historic settlement with Facebook that calls for the company to make payment of the $5 billion in fines and abide by the new privacy laws. In the meantime, Amazon has taken it to task for its impact on the vendors and the dominance of e-commerce.
“I don’t think that’s necessarily a bad thing, but I do think that a lot of people have questions about how these huge behemoths that are now in the Silicon Valley area have taken shape under the very nose of the antitrust enforcers,” Attorney General Barr said at the senate back in January. “You can win a place in the market and, without a breach of the anti-trust laws, but I would like to find out more about that process.”
Following the announcement, shares of Apple, Amazon, Facebook, and the letters that were already down.
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