It’s the biggest move by Attorney General William Barr, whose growing interest in the tech sector could deepen regulatory pressure on the companies.
Shares of Facebook, Alphabet, and Amazon all fell more than 1 percent immediately after the report. Apple’s stock also declined. President Donald Trump has been a regular critic of Amazon and CEO Jeff Bezos, has claimed that Facebook is biased against conservatives, and recently agreed with an assessment by tech investor Peter Thiel that perhaps Google should be investigated for not working with the U.S. government on a cloud project.
“Without the discipline of meaningful market-based competition, digital ways that are not responsive to consumer demands,” said Makan Delrahim, assistant Attorney General of the Justice Department’s antitrust division, inThe DOJ said the goal of its review is to “ensure Americans have access to free markets in which companies compete on the merits to provide services that users want. If violations of law are identified, the Department will proceed appropriately to seek redress.
Morning_Joe Today’s hearing will be a nothing burger once again! Déjà vu all over again!JoeNBC morningmika mikebarnicle cnnbrk FoxNews MAGA
Morning_Joe Isn’t it interesting that his highness government is all for deregulation of fossil fuels manufacturing utilities & other 19th& 20th century based industry but recognizes the need to regulate tech industry anything to do with political donations?
Old guys who fear technology unless it’s Russia or China hacking
Morning_Joe A hired protective liar who sells himself short for a lying idiot like Trump! Your reputation is shot! None of you guys will get away with covering up for Trump because it's all going to come out in the wash. Don't you know that? You can't get away with it. Trump isn't worth it!
If Apple, internet service providers and government is not included it's a witch hunt.
cmarinucci Distract and Deflect.
Morning_Joe Hmmmmm, I wonder who they’re after.
Overdue, but Barr is not to be trusted so there’s that....
Distraction from Mueller testimony. DON’T FALL FOR IT.
claireatki Yeeeeeeeeeeeeeeessssssssssss🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Does anyone attach any meaning to his fiats?
Morning_Joe Because of barr our DOJ has zero credibility left, he is operating as trump and the gops personal fixer. barr goes after trump's political opponents, he cover's up evidence for trump, he's limiting the Epstein investigation to hide something about trump or barrs father.
Morning_Joe It’s the only way trump can get at bezos. It another jealousy pitch
What a load of crap. So now the DOJ is Trump's attack dog?
This is just another targeted harassment of their political enemies. The GrabOurPussies party, going back to Nixon, has always been adept at this. GOP WilliamBarr DOJ
Morning_Joe This is something Amy Klobuchar wants to do.
antitrust
ROBERT MUELLER!!!!!!!!!!!!!!!
AG Barr is about to drop the sledgehammer on Silicon Valley. This is fantastic news. 👍
Trump going after Amazon.
It’s cause Trump lost a few followers, isn’t it ?
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Source: CNBC - 🏆 12. / 72 Read more »