US AGs to probe tech giants for antitrust practices - report

Tuesday, 20. August 2019 00:00

Several United States' attorneys general plan to launch a joint antitrust probe against Silicon Valley tech giants as soon as next month, the Wall Street Journal reported. According to the people familiar with the matter, the investigation will likely focus on ways still unspecified digital companies use their dominant market position to "stifle competition."

The same sources claim that state attorneys will issue civil investigative demands, most akin to subpoenas, to all the parties involved in the foreseeable future. These efforts would not constitute the initiation of a formal investigation but may lead to one in the coming months.

In June, US President Donald Trump hinted that some kind of legislation would be needed to create a competitive environment in the increasing scrutinized technology industry. Last month, the country's Department of Justice announced that it is starting a review of big tech companies, aimed at investigating whether they engaged in antitrust practices.

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Breaking the News / MA