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‘MediaBuzz’ host Howard Kurtz weighs in on the President, He’s a social media conference.
Facebook revealed on Wednesday that the united states Federal Trade Commission (FTC) has opened an antitrust investigation into the company’s business.
Facebook said in a press release that it was for the first time, at the height of an anti-trust probe is, in the month of June. It did not provide details of the scope or focus of the study. The COMMISSION does not immediately respond to Fox News’ requests for comment.
FILE name: An address to log in to Facebook the Way it is shown in Menlo Park, California, usa.
“The online technology industry, and has received increased regulatory scrutiny in the last quarter of the year. In June, 2019 at the latest, we were informed by the FTC that it had opened an antitrust investigation of the us business,” the company said. “In addition, in July 2019, the Ministry of Justice has announced that it will begin an anti-trust review of the industry-leading online platform.”
Attorney General William Barr said on Wednesday that Facebook, Google and Amazon have been the target of an antitrust investigation of the top U.S. technology companies have been illegally suppressing competition.
THE AMAZON HAS BEEN DESTROYED, THE RETAIL SALES IN THE UNITED STATES OF AMERICA, ” SAYS MNUCHIN
The Ministry of Justice has said that 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.”
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“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.”
Facebook was also hit this week, with a $5 billion fine is the largest the FTC has ever imposed on a technology company — of privacy violations, as well as a new understanding of how the business interacts with data.
From Fox News: Christopher Carbone and The Associated Press contributed to this report.