Big tech companies in US probe

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The US Justice Department says its new review of Big Tech’s market power will delve into competition “in an objective and fair-minded manner.” 9News

The agency says it wants to ensure that Americans have access to free markets and that companies compete on merits.

Officials didn’t name any companies, but the targets are most likely Apple, Amazon, Google and Facebook. All four were the subject of congressional hearings last week. The Justice Department says it will take into account the “widespread concerns” about social media, search engines and online retail services expressed by consumers, businesses and entrepreneurs.In a statement, top antitrust official Makan Delrahim worries that without meaningful competition, “digital platforms may act in ways that are not responsive to consumer demands.”

The focus of the investigation closely mirrors a bipartisan probe of Big Tech undertaken by the House Judiciary subcommittee on antitrust.

 

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