FILE PHOTO: The logo of Amazon, Apple, Facebook, and Google, are seen in a combination photo from the Reuters files. – REUTERS
WASHINGTON (Reuters) – U.S. Attorney General William Barr said on Tuesday that he hoped the Ministry of Justice, the research, from the major tech platforms-Facebook Inc’s (FB.(O) in the Alphabet, Inc. ‘ s (GOOGL.D) Google Amazon.com Inc. (AMZN.O) and Apple Inc (AAPL.D) – to complete by next year.
The four tech companies have been lightning rods for the regulator outlet of the year. In addition to the legal research, as well as the Federal Trade Commission, state attorneys general and Congress have been on a search for one or more of the companies.
“We started in July. It was a quick,” Barr told the Wall Street Journal, chief executive officer of the Board. “We’re talking very, very generally, by the people, and to get a lot of input from people in the industry and experts, and so on.”
“I would like to have it completed some time next year. I think it’s important to be fast at things,” Barr said. “These things have a cost, the market and the business. I do think that at some point the government has to fish or cut bait.”
Barr said the Justice Department’s review is not limited to, anti-trust, however, that the finding of anti-competitive behaviour has come to the fore.”
“The question is, is that when you have the kind of market power that certain companies in the market, it is the only behavior that could be helpful to them when they were in the rebellion a company in a growing industry, you can be anti-competitive, because it ends up reinforcing the monopoly,” he said.
The attorney-general, however, it is also referred to previous work for Verizon Communications (VZ.(N), the argument is that large companies have a number of advantages for the consumer, particularly in the telecommunications sector.
“Big is not bad at all,” he said. “I think that, in some industries, you may also be Balkanized and do not have the scale needed for the kind of innovation that we’re seeing.”
Reporting by Diane Bartz; Editing by Bill Berkrot