Federal Trade Commission meeting will investigate Big Tech’s small deals

Platform News: Tech Titans including Facebook, Google, Amazon and Apple

The US FTC will hold its next open meeting on the 15th of September to hear staff findings on deals that Big Tech businesses such as Facebook and Apple make which are sometimes too small to spark antitrust scrutiny, the agency has said.

The agency began holding open meetings after Chair Lina Khan was sworn in June. Next week, the five commissioners will also consider whether to scrap guidelines put in place during the Trump administration regarding deals that combine a company with one of its suppliers.

The staff report will include Big Tech acquisitions from 2010 to 2019, some of which were not reported to antitrust enforcers because of their small size.

The Big Tech firms, which also include Google and Amazon, have been under antitrust scrutiny for more than two years. The FTC has sued Facebook while the Justice Department sued Google. Others remain under investigation.

The agency had sent demands for information to five big tech firms, including Microsoft, in February 2020, saying that it wanted to probe whether any of the smaller deals resulted in harm to competition.

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The three Democrats and two Republicans on the commission will also vote on whether to issue a policy statement on privacy breaches by health apps and a process for accepting input on potential rules.

The team at Platform Executive hope you have enjoyed the ‘Federal Trade Commission meeting will investigate Big Tech’s small deals‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Diane Bartz. Editing by David Gregorio.

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