Feb 11, 2020
Tech giants face probe into deals going back a decade
Amazon, Apple, Alphabet, Facebook and Microsoft are facing fresh scrutiny over whether they stifled competition by buying up smaller rivals. The Federal Trade Commission has asked the firms to hand over information about a decade of deals, warning it could lead to action being taken. The tech giants already face several government investigations into whether their practices harm competition. Critics of the tech giants say the firms have consolidated power over the last decade by buying up potential rivals. Examples include deals such as Facebook's 2014 purchase of WhatsApp, Apple's 2014 acquisition of Beats and Amazon's takeover of Diapers.com, which was announced in 2010.
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