>Shares of Amazon and Facebook were both down more than 3% Monday following a Washington Post report that the top U.S. antitrust enforcement agencies have a new agreement over tech oversight. The drop shaved about $28 billion and $20 billion respectively from their market caps.
>Shares of Google parent company Alphabet were down more than 6% after The Wall Street Journal reported the Justice Department is readying an antitrust investigation. The stock lost about $49 billion from its market cap, bringing it to around $720 billion.
>Antitrust regulation has remained a distant threat in recent years as scandals like Cambridge Analytica brought the scale of tech power into focus for the public. In the lead up to the 2020 presidential election, “break up big tech” has become a rallying cry for some, Democratic presidential candidate Sen. Elizabeth Warren, D-Mass.
>But a new reported agreement between the Federal Trade Commission and the Department of Justice brings that threat a bit closer to reality. The FTC will take the lead on oversight of Amazon, which the DOJ will have greater jurisdiction over Google, according to the Post. The FTC previously closed an investigation of Google without taking action, but now the DOJ will take another look into Google’s practices in search and other areas, according to the Journal.
>While Facebook was not named in the reports as a focus of the agencies’ new agreement, the move could have implications for the social networking site as well. Facebook is already under investigation by the FTC over its handling of user data and has said it is expecting a fine of up to $5 billion.
>Sam Harris I fucking hate that piece of shit parasite.
William Turner
Imagine the overwhelming flood of conservative voices once the filters are removed We'll get to relive the golden days of the wild west of the internet
Jackson Morris
BREAKING NEWS: Jow Forums to be broken up into its separate boards, USA says jannies have "cucked" for the last time
This is theatrical jewshit, they violated local laws about privacy, censorship and election interference, human rights violations and probably even more crimes.
Antitrust is for the companies, criminal charges are for the executives and people responsible.
Jason Lee
>The stock lost about $49 billion from its market cap >bringing it to around $720 billion I find it hard to believe such amounts of money even exist. Im amazing that kike dealing with amounts such as billions have to gall to kvetch about people wanted $15/hr.
Adam Powell
>Trump moving against major corporations >sandnigger using memeflag: "HE IS JEW"
suck a nut
Aaron Fisher
They don't exist. They exist only as a number on a computer.
Caleb Garcia
Yes, this is just smokescreen to hide the real elephant in the room.
Henry Allen
Big Tech are subversive, anti-american globalists and corrupt monopolies. Break them up. Although they may be tumbling because the trade war with China. Amazon, Noseberg and Google? China could launch their own services; meanwhile, Amazon, Facehook and Apple can't just snap their fingers and magically produce hard, physical goods that the chink slave factories manufacture.
Jackson Foster
marketcap- price of last sold share x total number of shares nothing more, nothing less
Colton Lee
He's mixed? Lmao, a lot of these gay grifting "socialists" pretend to be someone that they aren't. That's why they hide their patron funds to appear like underdogs.
Parker Reed
China launched their own services because they were aware that they could be controlled by globohomo easily. It was a very smart move for them in the long run.
The US should have created their own services to pretend the bullshit deplatforming.
Isnt that how we get reccesion? Claiming money that doesnt actually exist?
David Brooks
Money isn't real. End the FED.
Adrian Jackson
>Work closely together with corrupt journos, highlighting their shitty articles on your search engine. >They return the favor by smearing all your competing search engines as "nazi hate sites". Seems Google is starting to slip, because smearing your competition with false allegations like that is most definitely illegal in the EU, don't know about burgerland though.
Cooper Wood
All those NGOs pulling the strings at Google are about to lose all their power of influence. By trying to hold onto power with increased censorship they shot themselves in the foot.
Twitter is a cesspool but so far it has made no attempts to datamine your personal information, nor has it attempted to openly smear its closest competition.
Zachary Gutierrez
How? I already don't use anything they own. How can I play my part?
Juan Lewis
Thank God.
Evan Wood
Just send your energy towards Google's collapse. kek.
