Connect with us

Hot world news

Big Tech faces a new set of foes: nearly all 50 US states

Big Tech faces a new set of foes: nearly all 50 US states

ECONOMIC NEWS

Big Tech faces a new set of foes: nearly all 50 US states

Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power.

Now they face a new coalition of antitrust enforcers: prosecutors from nearly all 50 states.

In a rare show of bipartisan force, attorneys general from 48 states along with Puerto Rico and the District of Columbia are teaming up to open an investigation into whether Google’s huge online search and advertising business is engaging in monopolistic behavior.

The Texas-led antitrust investigation of Google was announced Monday on the steps of the Supreme Court. It follows a separate multistate investigation of Facebook’s market dominance that was revealed Friday.

Utah Attorney General Sean Reyes, a Republican, says it’s an unprecedented effort by states to tackle an antitrust case involving the tech industry.


Source link

Continue Reading
You may also like...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in ECONOMIC NEWS

To Top
error: Content is protected !!