Payments News

FTC Takes Fresh Aim At Big Tech — And Its Previous Mergers

Feb 27, 2019
 It’s a process that stands not only as a familiar feature of U.S. history, but a part of global economic development stretching back centuries: First comes innovation, then comes growth based on that innovation (not just economic, but cultural and other forms of growth), then comes the regulatory backlash. That’s not a statement about politics, but human nature.

The latest evidence of that came on Tuesday (Feb. 26) from the U.S. Federal Trade Commission (FTC). The agency’s Bureau of Competition has formed what it calls a “task force dedicated to monitoring competition in U.S. technology markets, investigating any potential anti-competitive conduct in those markets, and taking enforcement actions when warranted.”

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