Google Could Soon Face Antitrust Investigation

Google Could Soon Face Antitrust Investigation

Results are not likely to be quick.

Many tech companies are happy about a potential Google probe.

European authorities have covered ground that USA regulators have barely considered, this resulting in billions of dollars in fines for Google, and lesser fines for other companies.

On Monday as this news broke, shares of Facebook traded 7.5% lower while Google's parent company Alphabet lost 6% of its value on the stock market.

A Justice Department representative stated he couldn't confirm or deny that an investigation on Google might start indeed. He has also criticised Amazon for taking advantage of the US Postal Service.


But an FTC staff report that was released years later showed that the agency staff had urged the presidentially-appointed commissioners to bring a lawsuit against Google.

"The Committee has a rich tradition of conducting studies and investigations to assess the threat of monopoly power in the USA economy", Nadler said. It's clear that the government is paying increasing attention to the actions of big tech companies, he said, but outcomes could take many different forms.

Besides the probe of the Justice Department, Google's share price was under pressure after the company dealt with an outage on Sunday, as it saw high levels of congestion in the eastern US.

Apple's CEO Tim Cook told CBS on Monday that he does not believe Apple is a monopoly.

"Their predatory power grabs demand strict & stiff investigation and antitrust action", the CT senator wrote on Twitter. The company declined comment on Friday. Amazon declined 4.6 percent.


In 2013, the FTC closed an investigation which resulted in changes to how Google obtains reviews. The DOJ will examine Apple and Google, while the FTC will tackle Amazon and Facebook.

Through an agreement with the Justice Department, the FTC would lead such an inquiry. More competition from Amazon had a negative impact on the company's growth. Central to Spotify's complaint is a 30-per-cent fee Apple charges content-based service providers to use Apple's in-app purchase system.

Facebook set aside $3 billion for a possible settlement with the FTC over an investigation of the social media platform's privacy practices, but that deal reportedly hasn't been completed due to political infighting at the commission.

The owner of one-time rivals Instagram and WhatsApp has more than 1.5 billion daily users and has a huge influence in many countries.


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