27. February 2019 08:51:49 IST
The Federal Trade Commission is under pressure to more closely control large tech companies such as Alphabet Google and Facebook said Tuesday it would set up a task force to monitor the sector and investigate anti-competitive behavior.
The FTC Competition Office will appoint approximately 1
"It makes sense for us to scrutinize technology markets to make sure that consumers benefit from free and fair competition," FTC Chairman Joe Simons said in a statement.
Bruce Hoffman, head of the agency's The Competition, did not rule out taking steps to reverse a closed deal if anticompetitive behavior was identified, but declined to discuss certain deals.
The termination of a business after graduation is "very rare," said Henry Su of the law firm Constantine Cannon LLP.
Facebook, which is already being investigated by the FTC, is accused of violating a 2011 declaration of consent in which the personal information of 87 million users falls into the hands of Cambridge Analytica, a United States presidential candidate for United States political advocacy President Donald Trump set for 2016.
Following the announcement of the FTC Task Force, Facebook shares were modest, down about 0.3 percent to $ 164.13  9004] Advocacy groups such as the Electronic Privacy Information Center have urged the FTC Demand Facebook's cancellation of Instagram purchases used to share photos, and WhatsApp, a private messaging app.
The App Association, the app The makers said they look forward to the work of the task force.
"In a robust, competitive environment, small businesses can fully participate in this economy, and new opportunities emerge that evolve rapidly," the association's president, Morgan Reed, said in a statement.
The Retail Retail Leadership Association, which represents brick-and-mortar retail outlets whose businesses have been disrupted by online retailers, said the creation of the task force will "bring a necessary review to the relatively few technology platforms that control a growing share of modern commerce . " "
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