FTC publicly admits to investigating tech giants

Monday, 18. November 2019 20:10

Federal Trade Commission Chairman Joe Simons (pictured) said on Monday that the agency is investigating several tech platforms including Facebook. Agency's Technology Enforcement Division (TED) is said to be investigating possible illegal conduct and mergers that already got antitrust approval.

"We can say publicly that they're investigating Facebook because Facebook disclosed that," Simons told the American Bar Association 2019 Antitrust Fall Forum. He added that "TED has in addition to Facebook, multiple other investigations going on into major platforms."

Simons didn't name any other companies that are under investigation aside from Facebook. It is presumed that it could be Alphabet's Google, Amazon.com and Apple who are all under different antitrust probes by the federal government, state attorneys general and Congress.

Related Links: Amazon.com Inc.Apple Inc.Alphabet Inc.Facebook Inc.
Breaking the News / TF