FTC signals crackdown on loopholes protecting Big Tech’s unreported acquisitions

New York Post columnist Miranda Devine says a ‘powerful, high-up’ tech executive is part of the investigation involving a Clinton attorney’s false statements in the Russia investigation. The Federal Trade Commission has signaled it will take action to close loopholes that allow big tech firms to avoid reporting acquisitions of smaller companies. SENATORS TO INVESTIGATE FACEBOOK AFTER WSJ REPORT ON INSTAGRAM’S NEGATIVE EFFECT ON MENTAL HEALTHOn Wednesday, the agency’s Office of Policy Planning released findings from a study which focused on over 600 unreported acquisitions by Alphabet, Amazon, Apple, Facebook, and Microsoft between Jan. 1, 2010 and Dec. 31, 2019.  Ticker Security Last Change Change %GOOGL ALPHABET, INC. 2,816.00 ‑56.20 ‑1.96%AMZN AMAZON.COM, INC. 3,462.52 ‑25.72 ‑0.74%AAPL APPLE, INC. 146.06 ‑2.73 ‑1.83%FB FACEBOOK, INC. 364.72 ‑8.34 ‑2.24%MSFT MICROSOFT CORP. 299.87 …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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