WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday it was the opening of a comprehensive survey of the major digital technologies, companies, or they can engage in anti-competitive practices, which is the strongest character in the Trumpet of the administration has been stepping up the scrutiny of Big Tech.
FILE PHOTO: The logo of Amazon, Apple, Facebook, and Google, are seen in a combination photo from the Reuters files. – REUTERS/File Photo/File Photo
The review will look at “whether and how the world’s leading online platforms, and have achieved market power and are engaged in practices that are less competitive, innovation is stifled, or otherwise harm consumers,” the Justice Department said in a statement.
The Ministry of Justice does not identify any specific companies, but said the review would consider concerns raised about the & quot; search, social media, retail, and services-on-line” — a clear reference to the roman Alphabet, Inc. (“GOOGL.(O) Amazon.com Inc. (AMZN.(O) and Facebook Inc (FB.(O), and possibly Apple Inc (AAPL.D).
As a Justice spokesperson, declined to provide a list of the companies that would have to be carefully examined.
Google and Apple declined to comment, referring to earlier statements by executives, while Facebook and Amazon did not immediately have a comment.
Facebook declined 1.7% in after-hours trading, while the Alphabet is decreased to 1%, Amazon was down 1.2% and Apple’s was down 0.4%, lower.
The announcement comes a day before the us Federal Trade Commission is set to announce a $5 billion fine from Facebook, for it is not good to protect the privacy of the user.
Senator Richard Blumenthal, a Democrat, has said that the Ministry of Justice now have to be brave and fearless in the Big-Tech’s abuse of its monopoly power. To be a long time absent, and, anyway, the managers have now to prevent that, the privacy, abusive, anti-competitive strategy, innovation, roadblocks, and other characteristics of the issue of excessive market power.”
In June, Reuters reported, and the Home administration was gearing up to investigate whether Amazon, Apple, Facebook and the Alphabet of Google’s abuse of their tremendous power in the marketplace, setting up what could be an unprecedented, broad probe of some of the largest companies in the world.
A person briefed on the matter said that the Justice may also have some of the state attorneys general.
The Ministry of Justice has said that the review process is to assess the competitive conditions in the marketplace, on an objective and fair manner, and to allow Americans to have free access to the markets in which firms compete with each other on the merits, in order to provide services that users want.”
Reuters reported on 31 May that the Ministry of Justice was preparing an investigation of Google to determine whether or not the tech giant broke antitrust law.
Democrats and Republicans on Capitol Hill, with both expressing concern over the size of the largest technology companies and their power in the market. The democratic presidential candidate, Elizabeth Warren, has called for the dismantling of companies like Amazon, Apple, Google, and Facebook, and the calm before the acquisition.
Last week, the House Judiciary Committee’s antitrust panel will hold the directors of the four companies, about their habits, and found that Google, Facebook, Amazon, has had a rising share of their main markets.
The congress, in a series of hearings last year on the search for the domination of the big tech companies and their role in the deportation or the use of already existing companies. It is very rare for the government to seek the removal of any deal. The most famous case in recent history has been the effort on the part of the government to break up Microsoft Corp’s (MSFT.D). The Department of Justice won a preliminary victory in the year 2000, but it was reversed on appeal. The case was settled with Microsoft, will remain intact.
“There is a growing consensus among venture capitalists and start-ups that have a kill zone around the Google, Amazon, Facebook and Apple, which would prevent new startups from entering the market with innovative products and services in order to meet the challenge of this well-established businesses,” said Representative David Cicilline, a Democrat, who is the head of the sub-committee.
Apple’s CEO, Tim Cook, told CBS News in the last month of the audit was good, but if you’re looking for some kind of measure, Apple is a monopoly or not, I don’t think anyone reasonable is going to come to the conclusion that Apple is a monopoly. Our interest has been much more modest. We do not have a dominant position in the market.”
Google’s Adam Cohen, told a House Judiciary subcommittee last week that the company had set up its “new competition in many industries, and new competitive pressures can often lead to anxiety in the class.”
Technology companies are facing a backlash in the United States and around the world, fueled by concerns among its competitors, regulators, and consumer groups that they will have to have a lot of power, and will have an adverse impact on users and the business class.
The US President, Donald Trump has called for a closer examination of the social-media companies, and Google, accusing them of squelching conservative voices online, without the need for the presentation of evidence.
Senator Marsha Blackburn, a Republican, praised the study and said that in the Senate, tech task force, chairman, would be looking at how to use the “fostering the free market and the competition.”
Report by David Shepardson; Editing by Leslie Adler and Lisa Shumaker