U.S. FTC chief says prepared to break up big tech firms - Bloomberg
(Corrects to add dropped word 'probes' in paragraph 1)
Aug 13 (Reuters) - U.S. Federal Trade Commission is prepared
to break up major technology platforms if necessary by undoing
their past mergers, Chairman Joe Simons said on Tuesday in an
interview to Bloomberg, as the agency probes anti-competitive
practices in the sector.
Simons said in the interview https://www.bloomberg.com/news/articles/2019-08-13/ftc-chief-says-willing-to-break-up-companies-amid-big-tech-probe?utm_source=google&utm_medium=bd&cmpId=google
that breaking up a company is challenging, but could be the
right remedy to rein in dominant companies and restore
He is leading a broad review of the technology sector to see
whether companies including Facebook Inc are harming
The FTC did not immediately respond to Reuters request for
comment on the interview.
(Reporting by Ismail Shakil in Bengaluru)
First Published: 2019-08-13 22:50:06
Updated 2019-08-13 23:23:43
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