“The history of these DOJ investigations is that they kill the company that they investigate” as the firm turns its focus to defending itself, says Mark Grady, a law professor at the University of California Los Angeles. “It’s a giant distraction.”
SINGAPORE (July 29): The US Justice Department sent the strongest signal yet that it was prepared to take on technology giants such as Facebook and Alphabet’s Google, announcing a broad antitrust review into whether the companies are using their power to thwart competition.
The department’s antitrust division disclosed plans on July 23 to scrutinise tech platforms, following mounting criticism across Washington that the companies have become too big and too powerful. The department did not specify which firms it would look at but strongly suggested Facebook, Google and Amazon.com are in the cross-hairs.
