FTC secures authority to open antitrust probe into Facebook

The Federal Trade Commission will be in charge of any antitrust investigations into Facebook, according to a new report in the Wall Street Journal Monday.

It’s part of an arrangement that permits the Justice Department to investigate Google while handing over Facebook and Amazon to the FTC. On Friday, reports surfaced that the Justice Department was preparing to open an antitrust probe into Google. It wasn’t immediately clear exactly what part of Google’s business that the Department would be investigating, but shortly after the news broke, The Washington Post confirmed that The FTC would be at the reigns of any investigations into Amazon.

Both the FTC and the Justice Department have the authority to enforce antitrust laws, but the…

Continue reading…

from The Verge – All Posts http://bit.ly/2wAmfDu
via IFTTT