Cowen Analyst Suggests FTC Tech Competition Task Force Enforcement Imminent
The FTC's creating a tech competition task force indicates the agency (see 1902260052) could take enforcement action against one or more companies in the next year or two, Cowen’s Paul Gallant wrote investors Tuesday. Google, Amazon, Facebook and Apple are…
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potential targets for past and future deals, the analyst said. The FTC decision isn't surprising, given “anti-monopoly” Democrats who view big tech firms as “suspect,” said Information Technology and Innovation Foundation President Rob Atkinson: Hopefully, the agency won’t be “swayed by populist furor and instead confine itself to careful, objective analysis based on the reality that many technology markets tend toward concentration, and that this concentration is usually pro-consumer and pro-innovation.” The task force should find "the courage to re-consider some of the anti-competitive tech mergers of the last 10 years; tech is in need of a genuine shakeup,” Columbia University law professor Tim Wu tweeted.