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FTC To Share Big Tech’s Small Acquisitions Outcome: Reuters

The Federal Trade Commission will disclose their conclusions on the tech platforms’ business deals that were sometimes too…
byAnusuya Lahiri
September 15, 2021
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  • The Federal Trade Commission will disclose their conclusions on the tech platforms’ business deals that were sometimes too small to prompt antitrust review, Reuters reports.
  • The FTC will hear about Big Tech acquisitions done between 2010 and 2019.
  • The tech companies involved include Facebook Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), and Microsoft Corp (NASDAQ:MSFT).
  • The FTC has already prosecuted Facebook for allegedly breaking antitrust law and sought to undo its deals for photo sharing app Instagram and messaging app WhatsApp.
  • The FTC could impose stricter guidelines by scrapping vertical deals, which combine a company with one of its suppliers.
 
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