Amazon, Apple, Facebook and Google have been the envy of corporate America, admired for their size, influence and remarkable growth.
Now that success is attracting a different kind of spotlight. In Washington, Brussels and beyond, regulators and lawmakers are investigating whether the four technology companies have used their size and wealth to quash competition and expand their dominance.
The four firms are lumped together so often that they have become known as Big Tech. Their business models differ, as do the antitrust arguments against them. But those grievances have one thing in common: fear that too much power is in the hands of too few companies.
The attorney general of New York, Letitia James, said Friday that the attorneys general in eight states — she and three other Democrats, plus four Republicans — and the District of Columbia had begun an antitrust investigation of Facebook.
On Monday, a separate bipartisan group led by eight attorneys general is expected to announce an investigation of Google, according to two people familiar with the plan, who spoke on the condition of anonymity before the official announcement.
Source: The New York Times