A federal government crackdown is reportedly targeting Big Tech, leading to severe punishment Monday on Wall Street.
Those four companies are among the five most valuable tech companies in the U.S., with a combined market capitalization of nearly $3 trillion. Only Microsoft Corp. MSFT, -3.10% — the focus of one of the biggest antitrust investigations against tech in U.S. history, during the days of the dot-com boom and bust — has so far avoided reported scrutiny from the group of tech’s biggest heavyweights.
“The ability of these companies to use their size and access to huge amounts of information to manipulate market forces and potentially stifle competition increasingly has raised concerns among antitrust regulators,” technology lawyer Peter Day told MarketWatch in a phone interview. “This has led to a debate over whether these companies represent a new expression of a monopoly.”
Source: News Formal (newsformal.com)
QQQ hit ... stay clear of leveraged ETFs
Barnes_Law If it gets to the point of settlement negotiations in a suit, the DOJ should seek as part of the settlement that the tech companies must allow communication to the fullest extend under the 1st Amendment.
breakapart the monopolies!
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