Facebook, Apple, More Big Tech’s Small Deals to Be Scrutinised at US FTC Meeting

The US Federal Trade Commission will hold its next open meeting on September 15 to hear from employees’ findings on transactions that big tech companies like Facebook and Apple make, sometimes too small. to spark antitrust scrutiny, the agency said on Wednesday.

The body began holding open meetings after Chairman Lina Khan was sworn in in June. Next week, the five commissioners will also consider whether to repeal guidelines in place during the Trump administration regarding transactions that combine a company with one of its suppliers.

Staff reports will cover Big Tech acquisitions between 2010 and 2019, some of which were not reported to antitrust enforcement agencies because of their small size.

Big Tech companies, including Alphabet’s Google and Amazon, have been under antitrust scrutiny for more than two years. The FTC sued Facebook while the Justice Department sued Google. Others are still under investigation.

The agency sent information requests to five major tech companies, including Microsoft, in February 2020, saying it wanted to probe whether any smaller transactions would harm competition. painting or not.

The three Democrats and two Republicans on the committee will also vote on whether to issue a policy statement on health apps privacy violations and the process to accept input on regulations. potential bottlenecks or not.

© Thomson Reuters 2021


Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button