Top prosecutors from a group of US states are readying a joint investigation into whether major technology firms have violated antitrust law, the Wall Street Journal reported Monday.
The alliance of state attorneys general could formally announce next month that they are delving into whether leading internet firms and technology platforms have used their clout to thwart competition, the Journal reported, citing unnamed people familiar with the matter.
The US Department of Justice last month announced it is reviewing “whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers.”
Lawmakers and activists have raised concerns about the growing dominance of online giants such as Google, Facebook and Amazon in key segments of the digital economy.
Once seen as the darlings of Washington, Silicon Valley firms have become targets for politicians of all stripes. US regulators recently imposed a record $5 billion fine on Facebook for lapses in privacy and data protection, including the leaking of private data for political consultancy Cambridge Analytica.
Tech firms and their backers deny monopolistic conduct and argue the fast-evolving digital economy has robust competition and has led to lower prices and more choice for consumers.
With each passing day Trump’s spin is less capable of distracting Americans from reality: op-ed
Writing in the Washington Post this Monday, Paul Waldman says that if you want to know the sorry state President Trump's campaign is in, just look at its deteriorating spin machine.
The first example cited by Waldman was Trump's recent attack on his usually supportive top infectious disease expert, Dr. Deborah Birx, for daring to say that the virus' spread isn't going away any time soon. Waldman also listed the numerous statements from Trump that downplay the threat of the virus while pushing the misleading claim that things are just fine.
Trump openly solicits payment to US treasury for his ‘approval’ of TikTok sale – which he is forcing
President Donald Trump says he is allowing Microsoft to purchase the U.S. assets of the popular Beijing-based TikTok social media video sharing app, in a sale Trump personally is forcing.
In discussing what he sees as the broad portions of an agreement the President used a real estate term to openly solicit the payment that would have to be made to the U.S. Treasury.
"I said a very substantial portion of that price is going to have to come into the U.S. Treasury of the United States, because we're making it possible for this deal to happen," Trump told reporters Monday afternoon.
Andrew Cuomo rips Trump like never before: ‘This was the worst government blunder in modern history’
Gov. Andrew Cuomo (D-NY) on Monday accused President Donald Trump of presiding over "the worse government blunder in modern history."
At his daily COVID-19 briefing, Cuomo said that it was time for the president to hit the "reset button" on his handling of the pandemic.
"If we don't tell the truth on the reset, COVID will never end," the New York governor explained. "It will ricochet across the country. It will just bounce back and forth."
"This was a colossal blunder -- how COVID was handled by this federal government," he continued. "Shame on all of you. Six months, lives lost. Hit the reset button, yes."