The power that Twitter, Facebook, Google and other tech giants have acquired over the years is, at this point, indisputable. However, have these large companies fallen back into business practices that harm the competition? What is the secret of their empire?
The US Department of Justice is determined to answer these questions and has announced an investigation into the companies in a statement, stating that the US agency is "reviewing how technology companies have gained market power and whether they have engaged in practices that harm competition , impede innovation or harm consumers," according to EFE .
If the Justice Department finds that these tech giants are violating the law, it warns azerbaijan phone number that it will “proceed appropriately to seek redress .”
While Twitter and Facebook (with its sister Instagram) dominate the social media universe , Google stands out as an all-powerful being thanks to its search engine empire , its Gmail email service and applications such as Google Maps, not to mention YouTube.
This is not the first time that these large companies have found themselves in the eye of the storm. Google, for example, has had to face accusations over the last few years about wage inequalities within its domains, as well as a fine imposed by the European Union (EU) last July for violating competition rules . For its part, Facebook faces a fine of 5 billion dollars for its privacy problems, imposed by the FTC (Federal Trade Commission). This is the highest fine in the history of the organization for a technology company.
that Americans have access to free markets in which companies compete to provide the services that users want."
As EU Competition Commissioner Margrethe Vestager said at the South by Southwest (SXSW) festival, “the US is not in the mood to let Facebook, Google and Amazon do whatever they want either.” Although this investigation has only just been announced, it is worth noting that the threat of regulation of Google, Facebook and Amazon caused, as The Wall Street Journal noted , their shares to plummet last June.