Multiple news sources reporting that the Justice Department is “opening a broad antitrust review into whether dominant technology firms are unlawfully stifling competition.” This review broadly targets firms like Apple, Amazon, Facebook and Alphabet, but is not the company specific review that has been recently rumored. A specific investigation into any of these companies could also be announced. According to the WSJ quoting DoJ officials, “there is no defined end-goal yet for the Big Tech review other than to understand whether there are antitrust problems that need addressing, but a broad range of options are on the table…the department’s inquiry could eventually lead to more focused investigations of specific company conduct.”
Sarah Kanwal
Equity Analyst, Director
Direct: 617.226.0022
Fax: 617.523.8118
Crestwood Advisors
One Liberty Square, Suite 500
Boston, MA 02109
$GOOGL.US
$AAPL.US
[tag GOOGL]
[tag AAPL]