Posted on 07/28/2020 12:33:26 AM PDT by RandFan
(Bloomberg) -- The biggest U.S. technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they’ve bolstered their power by snatching up nascent rivals.
The number of acquisitions by the five largest companies -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google, Facebook Inc., and Microsoft Corp. -- came at the fastest pace through June since 2015, according to data compiled by Bloomberg.
Tech deals are accelerating even in the face of stepped-up antitrust scrutiny under the Trump administration. Federal officials are investigating Google, Facebook, Apple and Amazon for antitrust violations, and the Justice Department under Attorney General Willliam Barr is expected to file a monopolization case against Google in the coming weeks. Google and Facebook are also contending with investigations by state attorneys general.
A House panel is also conducting an inquiry into the state of competition in the technology sector and the CEOs of Amazon, Facebook, Google and Apple are all slated to testify at a virtual hearing Wednesday.
Through June 30, the five companies announced 27 deals, according to Bloomberg data, up 29% from the same period last year, when they did 21 deals.
The speeding up of tech deals could give ammunition to economists, lawyers and lawmakers who warn that the tech companies have used their abundant cash to gain leverage over existing competitors and increase already high market share
(Excerpt) Read more at finance.yahoo.com ...
BUST THE TRUST!
Microsoft was busted for packaging a BROWSER in their operating system for god's sake...
Anyone remember??
They serve The New Left and the DemocRATS so well!
Do they deconstruct American patriotism on every July 4th? Check
Do they deconstruct American borders and customs enforcement? Check
Do they support the deconstruction of big American Cities lately? Check
The Verdict is in, Ladies and Gentlemen, Yahoo News is of The New Left, snidely pushing Anti-Americanism and in all probability Pining for Socialism or better yet Communism if they can aid it.
Scrutiny does not equal action. Congress and the Justus Department won’t really do anything. They’re paid off. These tech and social media giants are flush with megabucks to hand out for favors.
We do not need hearings.
We do not need reports.
We do not need press releases.
We do not need public statements.
We need action from the Justice Department now—bust the leftist trusts before they bust us.
Right-Hell, “Obozo” used and abused the ‘bully pulpit’ for 8 years (still DOES for that matter), but THIS sitting President may NOT????
Seriously?
To be brutally honest, “Obozo” also ran around the entire globe shooting off his mouth the instant he became the nominee. No one gagged HIM, then or now, and God know, HIS drivel is even LESS memorable or newsworthy!
Yahoo is owned by Verizon, BTW
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.