Facebook, Google Shares Down Amid Antitrust Scrutiny
Shares of Google and Facebook closed down Monday after DOJ and the FTC are reportedly considering heightened antitrust scrutiny. Facebook lost 7.5 percent to $164.15; Google 6.1 percent to $1,036.23. The agencies assigned antitrust jurisdiction over the companies, signaling potential…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
increased scrutiny, The Washington Post reported. The FTC reportedly will do oversight of Amazon, while Google will come under DOJ scrutiny. The Wall Street Journal reported DOJ is preparing an investigation of Google, and the FTC will examine Facebook impacts on digital competition. Reuters reported DOJ has jurisdiction over Apple. The companies and agencies didn’t comment.