All about U.S. tech antitrust investigations | TECH(feed)


THE WORLD’S LEADING TECH COMPANIES ARE UNDER
A SLEW OF ANTITRUST INVESTIGATIONS IN THE UNITED STATES. BUT WILL THESE INVESTIGATIONS
REALLY CHANGE THE WAY THEY DO BUSINESS? SO FOUR MAIN TECH GIANTS ARE THE SUBJECT OF
FEDERAL AND STATE INVESTIGATIONS: GOOGLE, APPLE, AMAZON AND FACEBOOK. SO THE HOUSE OF
REPRESENTATIVES IS DOING ITS OWN INVESTIGATION, THE JUSTICE DEPARTMENT IS INVESTIGATING, FEDERAL
AGENCIES ARE INVESTIGATING AND SO ARE A WHOLE GROUP OF STATE ATTORNEYS GENERAL. NOT EVERY
TECH COMPANY IS BEING INVESTIGATED BY EACH OF THOSE THOUGH–ONLY GOOGLE AND FACEBOOK
ARE SUBJECTS OF STATE INVESTIGATIONS. I’M GOING TO FOCUS MAINLY ON THE CONGRESSIONAL
ANTITRUST INVESTIGATION BECAUSE THAT INCLUDES ALL FOUR OF THOSE COMPANIES AND GIVES US A
PRETTY GOOD UNDERSTANDING OF WHAT THEY’RE FACING. SO THE HOUSE JUDICIARY COMMITTEE ALLEGES
THAT THESE FOUR TECH COMPANIES ARE TOO BIG AND WITHOUT ANY MEANINGFUL COMPETITORS. AND
THEY USE THEIR POWER TO SQUASH COMPETITION AND MAINTAIN THEIR POWER OVER THE MARKET.
A FEW DAYS AGO, THE HOUSE COMMITTEE SENT REQUESTS FOR DOCUMENTS DIRECTLY TO THE HEADS OF EACH
OF THOSE COMPANIES. THOSE REQUESTS INCLUDE PERSONAL EMAILS AND OTHER INTERNAL COMMUNICATION.
WHAT THE HOUSE IS SEARCHING FOR IS EXAMPLES OF INTENTIONALLY ELIMINATING COMPETITION–AND
IF THESE COMPANIES DON’T TURN OVER DOCUMENTS, THEY MAY FACE THREATS OF SUBPOENA. HONESTLY, THIS INVESTIGATION IS A REALLY BIG
DEAL. THERE’S A PRETTY LARGE BIPARTISAN PUSH IN THE U-S TO LOOK INTO BIG TECH AND
INVITE MORE COMPETITION INTO THE INDUSTRY THAT IS INTEGRAL TO HOW WE ALL LIVE. OBVIOUSLY,
DON’T EXPECT THIS INVESTIGATION TO GO OVER SMOOTHLY. THERE WILL VERY LIKELY BE PUSHBACK
FROM THE TECH COMPANIES, WHICH PROBABLY DON’T WANT TO REVEAL INTERNAL COMMUNICATION AND
SO-CALLED TRADE SECRETS. AND EXPECT THESE TYPES OF QUESTIONS TO BE ASKED OF EXECUTIVES–AMAZON
WILL PROBABLY BE ASKED IF THEY PROMOTE THEIR OWN PRODUCTS OVER THOSE OF COMPETITORS. APPLE
WILL BE ASKED HOW THEY RANK APPS IN THE APP STORE. GOOGLE WILL BE ASKED ABOUT ITS AD BUSINESS
AND ANDROID. AND FACEBOOK WILL PROBABLY BE ASKED ABOUT ITS ACQUISITIONS OF INSTAGRAM
OF WHATSAPP. THAT’S FAR FROM THE TOTAL SCOPE OF THE QUESTIONS THAT WILL BE ASKED IN THE
HOUSE INVESTIGATION, BUT HOPEFULLY THAT GIVES YOU AN UNDERSTANDING OF JUST HOW MUCH IT WILL
COVER. I DON’T EXPECT THIS PROCESS TO MOVE TOO QUICKLY–BUT IF AND WHEN EXECUTIVES ARE
QUESTIONED BY CONGRESS, I WILL ABSOLUTELY KEEP YOU IN THE LOOP. THANKS FOR WATCHING THIS EPISODE OF TECH FEED.
IF YOU LIKED THIS VIDEO BE SURE TO GIVE IT A THUMBS UP AND SUBSCRIBE TO OUR CHANNEL.
AND LET ME KNOW WHAT YOU THINK OF THESE ONGOING INVESTIGATIONS–AND IF THEY’LL RESULT IN
ANY MEANINGFUL CHANGE. SEE YOU NEXT TIME.

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