The government is threatening big tech — and the market just took notice

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Apple, Google, Facebook and Amazon are facing potential regulatory scrutiny and investors are paying close attention.

The Justice Department has been given jurisdiction over Apple as part of a broad review into potential anti-competitive behavior among big tech companies.

Reports surfaced in recent days suggesting that Alphabet and Amazon will be facing increased regulatory scrutiny.Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC.

Monday was the day that the chatter turned to early stages of action, and the market punished big tech. Investors were most concerned about Facebook and Google parent Alphabet on Monday, sending shares of each down more than 6%. Amazon dropped more than 4% and Apple slid 1%. In total, they lost over $130 billion in market value and led a 1.5% slump in the Nasdaq Composite, sending the tech-heavy index into

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BREAK UP ARROGANT Facebook Google Amazon — run by elitist self -infatuated leftists who have compete disdain for the people realDonaldTrump

Rockprincess818 ChatByCC Yeah, funny, the big shots sold off their stock moths ago.

Now is the time to BUIDL

JackPosobiec Oh No MuH PrIvAtE CoMpAnIeS

good news.

JackPosobiec Good good good

these r some of the dirtiest companies on planet run by far left radicals pushing their sick and twisted perverted progressive world view on society and limiting and destroying those who they dont agree with! break em up and fine them a massive sum $$$$

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple and 9 other stocks that tend to heat up in the summerWith stocks on pace for their first loss in May since 2012, the next few months are shaping up to be a rocky time for the market. But as the U.S. marks the...
Source: MarketWatch - 🏆 3. / 97 Read more »