Conservatives who vehemently believes silicon valley based big tech companies are biased against them may finally be getting some answers.
Per WashingtonExaminer, the Department of Justice is opening a sweeping antitrust review into online platforms, potentially threatening some of Silicon Valley’s most powerful companies.
The probe will examine how the platforms have gained market power and whether they are engaging in practices that stifle competition or hurt consumers in violation of federal law.
The antitrust review, the Justice Department said, “will consider the widespread concerns that consumers, businesses and entrepreneurs have expressed about search, social media, and some retail services online.”
The agency intends to seek information from the public and key industry stakeholders and will “seek redress” if it finds any “market-leading online platforms” have violated antitrust laws.
“Without the discipline of market-based competition, digital platforms may act in ways that are not responsive to consumer demands,” Assistant Attorney General Makan Delrahim, who leads the Justice Department’s Antitrust Division, said in a statement.
The Department of Justice announced today that the Department’s Antitrust Division is reviewing whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers.
The Department’s review will consider the widespread concerns that consumers, businesses, and entrepreneurs have expressed about search, social media, and some retail services online. The Department’s Antitrust Division is conferring with and seeking information from the public, including industry participants who have direct insight into competition in online platforms, as well as others.
“Without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands,” said Assistant Attorney General Makan Delrahim of the Antitrust Division. “The Department’s antitrust review will explore these important issues.”
The goal of the Department’s review is to assess the competitive conditions in the online marketplace in an objective and fair-minded manner and to ensure Americans have access to free markets in which companies compete on the merits to provide services that users want. If violations of law are identified, the Department will proceed appropriately to seek redress.