News

New FTC task force will take on tech monopolies

Antitrust

And they’re going to look at previous mergers

The new task force comes amid growing pressure for antitrust action against large tech companies like Facebook and Google. Earlier this month, it was reported that FTC officials have been looking to levy a multibillion-dollar fine on Facebook for repeatedly violating a privacy agreement the two bodies came to back in 2011. A coalition of advocacy groups argued that a fine would not be enough to incentivize Facebook to be more cautious with consumer data and asked the FTC to force the company spinoffs, Instagram and WhatsApp, back into their own entities once again. The groups argued that Facebook was too big for it to adequately care for user data for all three major apps.

 

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