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U.S. Department of Justice will conduct an antitrust audit of the IT market leaders

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U.S. Department of Justice will conduct an antitrust audit of the IT market leaders
July 24
13:00 2019

The Justice Department has initiated an audit of the major Internet companies involved in the development of search engines, social networks and online trading.

The government department is going to find out whether there were violations in the activities of the companies. This is about unfair competition, deterrence of innovative technologies and other actions that could harm the consumer. Thus, the Department of Justice will find out exactly how the market leaders got to their positions. Business representatives and users of various platforms have expressed their concern about this issue.

Makan Dalrahim, head of the antitrust division of the Justice Department, has commented on the investigation as follows: “Market competition requires discipline from market participants, and their failure to comply with the norms may negatively affect the interests of users.

The Department did not specify which companies would be subject to verification. To date, Amazon, Facebook and Google are the leaders in the IT market. We can say for sure that these companies will top the list.

Earlier, the Wall Street Journal reported that the Ministry of Justice was planning investigations of Facebook as well as Alfabet, owned by Google.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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