A PYMNTS Company

US: FTC sends top antitrust officials to Silicon Valley

By  |  June 12, 2019

According to a report from Politico, the Federal Trade Commission (FTC) has sent top antitrust officials into the heart of Silicon Valley to seek out complaints about anti-competitive behavior, an unusual move that offers yet another hint about the government’s growing interest in policing the industry’s giants.

The weeklong tour included private meetings between leaders of the FTC’s new technology task force and more than a dozen industry players to discuss the state of their businesses and market competition challenges, an FTC official familiar with the issue told Politico.

The outreach comes as both the FTC and Justice Department have shown a surge of interest in taking a serious look at years of complaints about the dominant role that companies such as Google, Facebook and Amazon are playing in big slices of the economy and Americans’ everyday lives.

Full Content: Politico

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.