back to article Google shares take a dive with reports of US DoJ 'competition' probe

Google shares took more than a 6 per cent tumble this morning as twitchy investors heard reports the US Department of Justice was about to launch a major investigation into the ad giant's business practices. Reports from "people familiar with the matter" suggest America's Federal Trade Commission has played a role in …

  1. Anonymous Coward
    Anonymous Coward

    Not just Google

    Also Facebook, Microsoft, Amazon and even Apple to a lesser extent. Not sure if all were due to worries that they'd be next, but they're all big tech companies and Facebook has the most to worry about other than Google to the extent probes also delve into issues around privacy.

    1. JohnFen

      Re: Not just Google

      "Not sure if all were due to worries that they'd be next"

      They have all been specifically named as being targets of, or being possible targets of, antitrust probes. What's been announced so far (that I know of) is that the Justice Department will handle Apple and Google, and the Federal Trade Commission will take Facebook and Amazon.

    2. Anonymous Coward
      Anonymous Coward

      Re: Not just Google

      Haven't you heard? Facebook is all about privacy now.

      (Unless there is a court case against it and then FB argues that users have no expectation of privacy.)

      https://www.cnet.com/news/facebook-reportedly-thinks-theres-no-expectation-of-privacy-on-social-media/

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2021