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Amazon, Facebook and Google are all being looked at for antitrust violations, Trump says

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Amazon, Facebook and Google are all being looked at for antitrust violations, Trump says
Amazon, Facebook and Google are all being looked at for antitrust violations, Trump says
There is nothing Trump won't 'look into'

When asked about policy, President Trump often says he is "looking into it." Then nothing happens. (Video: JM Rieger/Photo: Jabin Botsford/The Washington Post)

November 5 at 9:15 AM

The federal government is continuing to study Silicon Valley giants for potential violations of antitrust law, according to President Trump, in his latest criticism of the embattled tech industry.

“I am in charge,” he said in an interview with Axios that aired Sunday on HBO. “I am definitely in charge, and we are certainly looking at it.”

Asked by Axios to clarify which companies the Trump administration is considering, Trump said: “All three” — referring to Amazon.com, Facebook and Google.

(Amazon chief executive Jeffrey P. Bezos also owns The Washington Post.)

For months, the government has been looking into whether the nation’s antitrust laws could be brought to bear against tech platforms.

Trump claimed in the interview that a previous administration had considered breaking up key players in the tech industry. But while the Federal Trade Commission had investigated Google during the Obama administration over how the company displayed its search results, the agency concluded there was no antitrust violation — and did not weigh a break up.

Some, such as Sen. Orrin G. Hatch (R-Utah), have called on the FTC to reopen its probe into Google.

[Sen. Orrin Hatch wants the FTC to investigate Google]

In September, the Justice Department held a meeting with state attorneys general to discuss whether any conduct by the tech companies could have violated antitrust law. State officials have taken up the banner, opening the door to a multistate inquiry. But those discussions are still in their early stages.

Trump’s own antitrust chief at the Justice Department, Makan Delrahim, has questionedwhether there is enough economic evidence to prove that the tech companies are harming competition or innovation.

And the Federal Trade Commission has held hearings this fall on the matter, though experts speaking at the conference are largely divided as to whether tech platforms pose an antitrust problem.

[Are Google and Facebook too powerful? Washington: ¯_(ツ)_/¯]

The European Union has proved more aggressive than U.S. regulators. In recent months, European antitrust officials have slapped Google with a $5 billion fine for marketing its own apps in an allegedly anticompetitive fashion, prompting Google to stop bundling its browser and search engine with the Google Play store in Europe. The E.U.'s competition regulator has also targeted Apple for alleged tax evasion and Facebook for providing “misleading” information about its deal to purchase WhatsApp.

 
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Amazon, Facebook and Google are all being looked at for antitrust violations, Trump says
Brian FungBrian Fung covers business and technology for The Washington Post. Before joining The Post, he was the technology correspondent for National Journal and an associate editor at the Atlantic.
Pub Time : 2018-11-05 23:25:01 >> News list
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