The feds have big tech in their crosshairs. The Justice Department announced in late July that it had begun an antitrust review of whether big tech companies have accumulated market power unfairly and whether they’ve been using that power to quash competition. It didn’t name which companies it was investigating, but it said it was looking into search, social media and online retail — categories virtually synonymous with Google, Facebook and Amazon.
And the Justice Department isn’t alone. Congress has similar concerns and held hearings in the middle of July in which executives from Amazon, Apple, Facebook and Google were excoriated by members of Congress from both parties, including conservative Republican Sen. Ted Cruz of Texas and liberal Democratic Rep. David N. Cicilline of Rhode Island.