A federal court has dismissed two antitrust cases that were brought against Facebook, representing a significant setback for federal and state regulators in their attempts to rein in Big Tech…
FLASHBACK: Leaked Docs Show Obama FTC Gave Google Its Monopoly After Google Execs Helped Obama Get Re-Elected…
Leaked documents from the FTC’s 2012 investigation of Google show exactly what is wrong with the state of American antitrust enforcement…
48 States and US Government Sue Facebook for Illegal Monopoly Practices…
Facebook is the world’s biggest social network with 2.7 billion users and a company with a market value of nearly $800 billion whose CEO Mark Zuckerberg is the world’s fifth-richest individual and the most public face of Big Tech swagger…
Facebook’s $5B Fine Blasted by Politicians and Consumer Advocates…
Politicians in both parties, technologists and even a former Facebook executive blasted the Federal Trade Commission on Wednesday for its $5 billion settlement with the social media giant. Critics took aim at the size of the fine, the lack of personal accountability leveled at any Facebook executives, the decision to offer immunity to past privacy […]
Amazon, Facebook Smash Lobbying Records…
DOJ Opens Broad, New Antitrust Review of Big Tech Companies…
The U.S. Department of Justice has announced a new and broad review of on-line tech companies to investigate if their activity is violating antitrust laws. The DOJ announcement explains: “Review Focuses on Practices that Create or Maintain Structural Impediments to Greater Competition and User Benefits.” According to the Wall Street Journal, “The new antitrust inquiry […]
DOJ Secures Jurisdiction for Potential Apple Investigation…
The Department of Justice (DOJ) will take the lead in any future investigation of Apple’s market power, as regulators move toward a wider review of Silicon Valley’s antitrust concerns, Reuters reported on Monday. The Justice Department and the Federal Trade Commission (FTC), the two agencies tasked with antitrust enforcement, reached an agreement in recent weeks […]
Facebook, Google Regulatory Woes Erode $137 Billion From FANGs…
A wave of antitrust probe headlines on Facebook Inc. and Google parent Alphabet Inc. just yanked about $137 billion from FANG stocks’ market values. Some $41 billion evaporated from Facebook on Monday as a person familiar with the matter said the U.S. Federal Trade Commission will oversee antitrust scrutiny into whether the firm’s practices harm […]
FTS Secures Authority to Open Antitrust Probe Into Facebook…
The Federal Trade Commission will be in charge of any antitrust investigations into Facebook, according to a new report in the Wall Street Journal Monday. It’s part of an arrangement that permits the Justice Department to investigate Google while handing over Facebook and Amazon to the FTC. On Friday, reports surfaced that the Justice Department […]
Trump Declares War on Silicon Valley: DoJ Launches Google Anti-Monopoly Probe…
Once shielded by the logic of Silicon Valley’s relentless churn of innovation – which dictated that no reigning tech empire could rule for long before going the way of Yahoo and AOL – tech giants like Facebook, Amazon and Google have been subjected to intensifying anti-trust pressure – Elizabeth Warren’s “Break up Big Tech”s billboard […]