You are here: Home » News-IANS » General
Business Standard

Amazon could fall under FTC for anti-trust related cases

IANS  |  San Francisco 

Following an agreement between the Federal Trade Commission (FTC) and the Department of Justice (DOJ), e-commerce giant Amazon could fall under FTC's jurisdiction on anti-trust subjects.

According to The Washington Post, this "kind of arrangement brokered between the DOJ and the FTC typically presages more serious antitrust scrutiny," The Verge reported on Monday.

The news comes after reports broke on Friday evening that the DOJ is preparing an anti-trust investigation into Google's search business.

Those reports noted that the FTC launched its own investigations against Google in 2011, which resulted in a civil penalty and which was later closed in 2013.

Calls for more scrutiny over the business practices of the country's major tech companies has been steadily growing over the past year.

European regulators and prominent Democratic presidential candidates have made the case to break up companies such as Amazon, Apple, Facebook and Google, citing their vast influence in the marketplace and their business practices.

Earlier in February, the FTC launched a new task force to investigate anti-competitive behaviour amongst tech giants within the US.

The organisation has also reportedly been looking to level a multi-billion dollar fine against Facebook for its privacy practices, the report added.

--IANS

rp/bc

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 03 2019. 14:48 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU