A federal government crackdown on big tech is punishing Big Tech on Monday, with Shares of Alphabet Inc., Amazon.com Inc. , Facebook Inc., and Apple Inc....
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.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Feds accuse hospitals of using big salaries to lure specialistsHospitals are eager to get particular specialists on staff because they bring in business that can be highly profitable.
Read more »
Walmart taps ex-Google, Amazon employee as new chief technology officerWalmart Inc appointed Suresh Kumar, a former employee of Alphabet Inc-owned Goog...
Read more »
Feds can't agree why 2K kids are waiting to get picked up from border stationsMore than 2,400 children were waiting to get picked up from Border Patrol stations along the U.S.-Mexico border as of Friday, officials said, and the federal agencies in charge of caring for them can’t agree on why most of them aren't being quickly moved into children’s shelters. The minors, referred
Read more »
Feds to investigate spike in gray whale deaths on West CoastSEATTLE (AP) — U.S. scientists said Friday they will investigate why an unusual number of gray whales are washing up dead on West Coast beaches.
Read more »
Feds: Puerto Rico Disaster Contractor Pocketed Millions in Taxpayer CashSgt. Melissa Martens/U.S. Marines via GettyThe owners of the Textile Corporation of America promised the government that they could deliver 1,000 new jobs to residents of Pikeville, Tennessee, and millions of dollars of supplies to hurricane-ravaged Puerto Rico. And federal and state leaders lined up
Read more »
If you want to raise mentally strong kids, stop saying these 5 thingsIt's unhealthy to tell children to hide their emotions, and that goes for both positive and negative emotions.
Read more »
Feds investigating $1 million in illegal drugs that washed up on an Alabama beachFederal authorities are investigating how two packages of illegal drugs worth more than $1 million washed up on a beach in Alabama last week.
Read more »
Canadian lawmakers fume after Facebook's Zuckerberg snubs invitationCanadian lawmakers fumed on Monday when Facebook Inc founder and Chief Executive...
Read more »
Netflix to 'rethink' investment in Georgia if abortion law takes effectNetflix Inc said on Tuesday it would 'rethink' its film and television...
Read more »
'Money to share' - MacKenzie Bezos pledges half her Amazon fortune to charityMacKenzie Bezos signs the 'Giving Pledge,' a campaign announced in 2010 by Warren Buffett and Bill Gates, which calls for the super-rich to give away more than half their fortunes to charity
Read more »
Goldman Sachs names executives in Asia, New York to top committeeGoldman Sachs Group Inc named three new executives to its management committee, ...
Read more »