Feds target four of the biggest tech companies in U.S., and their stocks are getting slammed

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A federal government crackdown on big tech is punishing Big Tech on Monday, with Shares of Alphabet Inc., Amazon.com Inc. , Facebook Inc., and Apple Inc....

A federal government crackdown is reportedly targeting Big Tech, leading to severe punishment Monday on Wall Street.

Those four companies are among the five most valuable tech companies in the U.S., with a combined market capitalization of nearly $3 trillion. Only Microsoft Corp. MSFT, -3.10% — the focus of one of the biggest antitrust investigations against tech in U.S. history, during the days of the dot-com boom and bust — has so far avoided reported scrutiny from the group of tech’s biggest heavyweights.

“The ability of these companies to use their size and access to huge amounts of information to manipulate market forces and potentially stifle competition increasingly has raised concerns among antitrust regulators,” technology lawyer Peter Day told MarketWatch in a phone interview. “This has led to a debate over whether these companies represent a new expression of a monopoly.”

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:

 /  🏆 3. in NG
 

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

QQQ hit ... stay clear of leveraged ETFs

Barnes_Law If it gets to the point of settlement negotiations in a suit, the DOJ should seek as part of the settlement that the tech companies must allow communication to the fullest extend under the 1st Amendment.

breakapart the monopolies!

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.

Netflix to 'rethink' investment in Georgia if abortion law takes effectNetflix Inc said on Tuesday it would 'rethink' its film and television... it's all about the money Thank you! Bye Felicia
Source: Reuters - 🏆 2. / 97 Read more »