Facebook, Apple, More Big Tech's Small Deals to Be Scrutinised at US FTC Meeting

The staff report will include Big Tech acquisitions from 2010 to 2019.

Facebook, Apple, More Big Tech's Small Deals to Be Scrutinised at US FTC Meeting

Google and Amazon have been under antitrust scrutiny for more than two years

Highlights
  • The FTC has sued Facebook
  • The Justice Department sued Google
  • Others remain under investigation

The US Federal Trade Commission will hold its next open meeting on September 15 to hear staff findings on deals that Big Tech firms like Facebook and Apple make which are sometimes too small to spark antitrust scrutiny, the agency said on Wednesday.

The agency began holding open meetings after Chair Lina Khan was sworn in June. Next week, the five commissioners will also consider whether to scrap guidelines put in place during the Trump administration regarding deals that combine a company with one of its suppliers.

The staff report will include Big Tech acquisitions from 2010 to 2019, some of which were not reported to antitrust enforcers because of their small size.

The Big Tech firms, which also include Alphabet's Google and Amazon, have been under antitrust scrutiny for more than two years. The FTC has sued Facebook while the Justice Department sued Google. Others remain under investigation.

The agency had sent demands for information to five big tech firms, including Microsoft, in February 2020, saying that it wanted to probe whether any of the smaller deals resulted in harm to competition.

The three Democrats and two Republicans on the commission will also vote on whether to issue a policy statement on privacy breaches by health apps and a process for accepting input on potential rules.

© Thomson Reuters 2021


How will India's new liberalised drone rules impact the industry? And where are they left wanting? We discussed this on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Facebook Questions British Watchdog's Authority to Order Giphy Sale

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com