U.S. Department of Justice (DOJ) announced, this week that it would review and expand government scrutiny of certain dominant tech companies. By this review, opens a broad antitrust investigation into whether market-leading online platforms have engaged in behavior that has reduced competition, stifled innovation or otherwise harmed consumers. Amazon.com Inc., Facebook Inc., Apple Inc., and Google are reportedly the targets of this latest review.
The main initiative by the DOJ and FTC (Federal Trade Commission) is to investigate potential anti-competitive activity with a primary focus on Amazon and the pricing structure of their logistics service, placement as a competitor against their sellers and how Amazon prime bundles services. This is not a hunt to take out Amazon but a proactive review and to understand as to if antitrust problems need to be addressed.
No further reports have been made at this time. Stay tuned for more updates.
About The Author: Jeff Dervech
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