Well – now we get to see if this is just a toothless dog waggin’ his tail.. 👀😬😐😋😊
Amazon and Google could soon be facing increased antitrust scrutiny under a new agreement between Federal Trade Commission and the Department of Justice — and more tech company monitoring actions are expected.
According to the Washington Post, The FTC and Department of Justice are now dividing up competition oversight on Amazon and Google, two of the U.S.’s top tech companies. While the specific plans are not clear at this point, many legislators in both parties have become increasingly concerned that large tech companies are becoming too powerful.
Google has recently been thought to be the main subject of a DoJ probe to ascertain whether or not the company broke antitrust law in its business operation. Critics have become concerned that the company has illegally protected its status in search and advertising, as well as its foray into mobile and IoT devices. A similar probe by the DoJ in 2013 resulted in no legal action being taken against Google.
Concerns of Amazon’s power have been publicly discussed for several years, with politicians and analysts worried about Amazon’s dominance in online retail. Amazon currently sells roughly half of all online goods in the U.S., forcing third-party sellers on its site to purchase advertising to compete with first-party and private-label sales. Additionally, Amazon has made recent forays into cloud computing with Amazon Web Services, online streaming with Twitch, and grocery sales with the 2017 acquisition of Whole Foods.
GOOGLE STATS RECAP ROM LAST NIGHT
Update 6:00 p.m. Eastern Time: In a brief update, Google has confirmed the issues, and notes that “engineering teams have completed the first phase of their mitigation work and are currently implementing the second phase, after which we expect to return to normal service.”
Update 7:30 p.m. Eastern time: Google reports that all services have been restored, more than four hours after the first reported outage