They “should be seen as a bellwether for every business compliance is not optional, rather better data practices and operations are becoming fundamental to business growth and safe operations,” he said.įacebook is also facing pushback in Europe, where the General Data Protection Regulation (GDPR) passed in 2018. The newest antitrust investigations show the basic business model for the world’s largest technology firms is being increasingly threatened, said Cillian Kieran, privacy compliance expert and CEO of the privacy startup Ethyca. What does this mean for the two tech giants? Why is Google under investigation?Ī separate investigation into Google will be led by a bipartisan group of about three dozen state attorneys general, according to the Wall Street Journal.ĭetails are scarce before the inquiry’s announcement, but the Journal reports the attorneys will focus on Google’s impact on digital advertising markets. “We will use every investigative tool at our disposal to determine whether Facebook’s actions may have endangered consumer data, reduced the quality of consumers’ choices, or increased the price of advertising,” James said. ![]() The state antitrust investigations announced on Friday will look at “whether Facebook has stifled competition and put users at risk”, James said in a statement.įacebook has been accused of anticompetitive conduct, including buying up competing tech firms and copying features from rival apps. ![]() Legislators at state and federal levels can take action to promote competition by preventing mergers, breaking up big companies, and penalizing companies for anti-competitive behavior with fines. Read more What is an antitrust investigation?Īntitrust regulations exist to prevent businesses from holding too much centralized power over an industry.
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