US regulators wary of Big Tech swallowing startups

us regulators wary of big tech swallowing startups

Sumary of US regulators wary of Big Tech swallowing startups:

  • Appointments to the FTC and the Department of Justice in US President Joe Biden’s administration have signalled ramped up anti-trust enforcement.
  • — AFP pic WASHINGTON, Sept 16 — US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants’ smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies.
  • Commissioner Rebecca Slaughter said regulators need this type of broader perspective, and that reviewing acquisitions individually was insufficient.
  • Appointments to the FTC and the Department of Justice in US President Joe Biden’s administration have signalled ramped up anti-trust enforcement, amid calls by some to break up some of the biggest and most successful Big Tech firms.
  • FTC chair Lina Khan noted Big Tech companies have devoted “tremendous resources” on acquisitions that are “largely outside of our purview.

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