Chairman Joe Simons is leading the FTC's review of technology companies, like Google and Facebook, and said that even though breaking up big tech would be difficult, it might be necessary.
The FTC is considering breaking up these companies by rolling back previously approved mergers if they are found to be anticompetitive.
Facebook announced in a July media release that the FTC was conducting an antitrust investigation into the company, Fox News reported.
"The online technology industry and our company have received increased regulatory scrutiny in the past quarter," the company said.
"In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company."
98%. 2%. As part of its investigations, the FTC fined Facebook $5 billion to "Hold the company accountable for the decisions it makes about its users' privacy," according to an FTC news release.
The Justice Department's antitrust division is also investigating big tech companies for concerns about search practices as well as the possibility of harming competition.
https://www.westernjournal.com/ftc-prepared-break-big-tech/
The FTC is considering breaking up these companies by rolling back previously approved mergers if they are found to be anticompetitive.
Facebook announced in a July media release that the FTC was conducting an antitrust investigation into the company, Fox News reported.
"The online technology industry and our company have received increased regulatory scrutiny in the past quarter," the company said.
"In June 2019, we were informed by the FTC that it had opened an antitrust investigation of our company."
98%. 2%. As part of its investigations, the FTC fined Facebook $5 billion to "Hold the company accountable for the decisions it makes about its users' privacy," according to an FTC news release.
The Justice Department's antitrust division is also investigating big tech companies for concerns about search practices as well as the possibility of harming competition.
https://www.westernjournal.com/ftc-prepared-break-big-tech/
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