"When large, dominant firms are unable to innovate on their own, it’s common for them to focus more on how to find those ideas from their smaller competitors. Today’s report begins to shed light on how the largest technology giants — Facebook, Google, Amazon, Microsoft, and Apple — engage in acquisitions to lock up assets and intellectual property that may someday threaten their dominance," US Federal Trade Commission (FTC) Commissioner Rohit Chopra said in a statement published on September 15 alongside a new report on unreported acquisitions by big tech companies. Based on the report, the FTC is considering making reforms that will make it harder for big tech companies to escape the scrutiny of antitrust authorities. What is the report about? Back in February 2020, the FTC launched a study to understand acquisitions activities of big technology companies, specifically focusing on the acquisitions that did not require reporting to antitrust authorities at the FTC and the Department of Justice because they did not meet the reporting requirements prescribed under the Hart-Scott-Rodino (HSR) Act. The study was expected to shed more light on "whether large tech companies are making potentially anticompetitive acquisitions of nascent or potential competitors that fall below HSR filing thresholds." The findings of this study reveal that Facebook, Google, Amazon, Microsoft, and Apple made 616 acquisitions valued at or above $1 million between 2010 and 2019. Most of these acquisitions escaped the radar of the antitrust authorities because they use avoidance devices, said Commissioner Chopra. "Avoidance devices are tricks…
FTC vows reforms after discovering that many Big Tech acquisitions flew under its radar
The American antitrust watchdog’s own study revealed that tech giants had certain tricks to escape regulatory scrutiny.
- Indian crypto exchanges plan to collect identity details for crypto transfers to private wallets: Report June 3, 2023
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...