U.S. regulatory agencies may consider broader economic issues in their antitrust probe into Amazon, Apple, Facebook, and Google.

Joseph Corr

2019-07-03 11:35:00 Wed ET

U.S. regulatory agencies may consider broader economic issues in their antitrust probe into tech titans such as Amazon, Apple, Facebook, and Google etc. House Judiciary Committee now expects to hold the inaugural session on anti-competitive practices among these tech companies. This new investigation represents the first congressional probe into allegations that these tech companies may abuse their quasi-monopoly power with suspicious anti-competitive behaviors.

House Democrats back this landmark investigation, and Republicans also have huge concerns around the potential abuse of tech monopoly power (although most conservatives intend to avoid excessive government intervention). Federal Trade Commission and Justice Department focus on how Facebook and Google affect consumer privacy and competitor survival across the news media landscape. The regulatory agencies also probe into whether Apple abuses its market power in collaboration with Spotify to dominate digital music and the key iOS app ecosystem. Moreover, the regulatory agencies examine whether Amazon not only drives down retail prices but also conducts collusive schemes in e-commerce.

Antitrust scrutiny remains one of the biggest bipartisan tech issues. The regulatory agencies may impose punitive fines to diminish the market power of the tech titans, or may break up some of the tech titans for better consumer welfare and competitor survival.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More
Incoming New York Fed President John Williams suggests that it is about time to end forward guidance.
Becky Berkman

2018-05-13 08:33:00 Sunday ET

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance.

Incoming New York Fed President John Williams suggests that it is about time to end forward guidance in order to stop holding the financial market's han

+See More
Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode?
Monica McNeil

2017-11-24 08:41:00 Friday ET

Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode?

Is Bitcoin a legitimate (crypto)currency or a new bubble waiting to implode? As its prices skyrocket, bankers, pundits, and investors increasingly take side

+See More
Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes.
Rose Prince

2019-08-14 10:31:00 Wednesday ET

Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes.

Netflix suffers its first major loss of U.S. subscribers due to the recent price hikes. The company adds only 2.7 million new subscribers in 2019Q2 in stark

+See More
Tim Berners-Lee suggests that several tech titans might need to be split up in response to some recent data breach and privacy concerns.
Chanel Holden

2018-11-09 11:35:00 Friday ET

Tim Berners-Lee suggests that several tech titans might need to be split up in response to some recent data breach and privacy concerns.

The Internet inventor Tim Berners-Lee suggests that several tech titans might need to be split up in response to some recent data breach and privacy concern

+See More
The Economist suggests that the world has learned few lessons of the global financial crisis from 2008 to 2009.
Becky Berkman

2018-09-07 07:33:00 Friday ET

The Economist suggests that the world has learned few lessons of the global financial crisis from 2008 to 2009.

The Economist re-evaluates the realistic scenario that the world has learned few lessons of the global financial crisis from 2008 to 2009 over the past deca

+See More
Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut press conference.
Chanel Holden

2018-03-21 06:32:00 Wednesday ET

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut press conference.

Fed Chair Jerome Powell increases the neutral interest rate to a range of 1.5% to 1.75% in his debut post-FOMC press conference. The Federal Reserve raises

+See More