US federal regulators are amping up their investigation of the market dominance of five giant tech companies, demanding detailed information on their acquisitions back to 2010. The Federal Trade Commission announced the move Tuesday, issuing orders to Facebook, Amazon, Apple, Microsoft and Google's parent Alphabet Inc. — AP
Over the last decade, major technology companies made a handful of enormous acquisitions – Facebook Inc’s 2014 purchase of WhatsApp; Microsoft Corp’s 2016 deal for LinkedIn; Amazon.com Inc’s 2017 acquisition of Whole Foods – and a huge number of tiny deals.
In the latest sign that public officials are re-examining the permissive approach they’ve taken to the industry, the US Federal Trade Commission demanded new information this week about deals too small to draw its attention when they happened.
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