FTC reportedly adds Facebook to its big tech antitrust probe
The Federal Trade Commission has spent the last year probing Facebook's privacy concerns. Now it's digging in to the social media giant again.
The FTC has obtained permission to run an antitrust investigation into Facebook while allowing the Justice Department to look into Google parent company Alphabet, The Wall Street Journal reports. The report comes just days after a Washington Post report also indicated there'd be a similar investigation into Amazon, and as lawmakers step up calls to "break up" big tech companies.
On Friday, the Journal reported that the DOJ was "gearing up" to probe potentially monopolistic practices at Alphabet. The FTC often handles monopoly investigations, but as people familiar with the matter told the Journal, an agreement between the two entities has allowed the FTC to handle Facebook while the DOJ looks into Alphabet. That same agreement also will put the FTC at the head of an antitrust probe into Amazon, three people told the Post. It's unclear when the Facebook probe would start, but the Alphabet investigation seems like it'll soon be on its way, per the Journal.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Potential monopolies in big tech have been a growing concern for bipartisan lawmakers, with Sens. Marsha Blackburn (R-Tenn.) and Amy Klobuchar (D-Minn.) sending an April letter to the FTC urging it to "take action in response to concerns regarding potential privacy, data security, and antitrust violations involving online platforms." Sen. Elizabeth Warren (D-Mass.) has called for a "big tech breakup" as part of her 2020 presidential platform.
The FTC and Amazon both declined to comment, Facebook did not have an immediate comment, and the DOJ did not immediately respond to the Journal's request for comment,
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Gaetz bows out, Trump pivots to Pam Bondi
Speed Read Gaetz withdrew from attorney generation consideration, making way for longtime Trump loyalist Pam Bondi
By Rafi Schwartz, The Week US Published
-
'The double standards don't trouble the critics'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Today's political cartoons - November 22, 2024
Cartoons Friday's cartoons - frozen assets, blazing fires, and more
By The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published