The FTC sent letters asking about "potentially anticompetitive acquisitions" the companies had made over the past decade but not yet reported to the agency.
The inquiry comes amid numerous other antitrust investigations into the tech industry in both the US and Europe.The Federal Trade Commission is looking into past acquisitions made by major tech companies, the agency announced in aThe FTC said it had sent orders to Apple, Amazon, Facebook, Microsoft, and Google's parent company, Alphabet, asking for "information about prior acquisitions not reported to the antitrust agencies" the companies may have made over the past decade.
"This initiative will enable the Commission to take a closer look at acquisitions in this important sector, and also to evaluate whether the federal agencies are getting adequate notice of transactions that might harm competition. This will help us continue to keep tech markets open and competitive, for the benefit of consumers," FTC chairman Joseph Simons said in the statement.
Companies are required to report some, but not all, acquisitions to regulators under federal law, but the FTC's investigation indicates it is looking into past purchases that may have flown under the radar.
Got rich because of some spying. Should pay for that.
All of them should pay me. My e-commerce was not for free. Do not get comfy with that, unless you pay. With social network too
nothing will come up it, and in the end, after all the appeals by the business, only a low-level nobody will be accused.
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