The head of antitrust at the Department of Justice said Tuesday that officials will be scrutinizing big tech companies looking for anticompetitive behavior.
Interestingly, several top tech companies actually have significant market share in areas that you might not expect.
Their command of so many markets could give federal investigators a lot of things to look at, should they want to peer deeply into these company’s businesses.
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The head of antitrust at the Department of Justice said Tuesday that officials will scrutinize big tech companies in search of evidence of anticompetitive behavior.
The Department of Justice and the Federal Trade Commission have already agreed to divvy up responsibility for the fresh burst of oversight, with the DOJ looking at Google and Apple, and the FTC looking at Amazon and Facebook, according to recent news reports.
On Tuesday, Assistant Attorney General Makan Delrahim explained, in a video speech to a conference in Tel Aviv, Israel, the kinds of behavior and market conditions the DOJ will look for. On his radar: higher prices, loss of consumer privacy, exclusive deals and mergers designed to protect a monopoly or harm a competitor.
Read: Breaking up Facebook would make Instagram less safe for people, executive says
For the big tech companies that now have targets on their backs, there’s a lot of risk: Google, Amazon, and Apple each command a giant swath of various tech markets. Here are some of the biggest markets dominated by the Big Tech threesome, according to market research firm Gartner, which could attract the attention of regulators.
Amazon is a giant in ecommerce sales, the No. 1 online retailer, based on US total sales, with an estimated more than 100 million paid Prime members.
But it is also the No. 1 — by a mile — cloud …read more
Source:: Business Insider