US Department of Justice is planning to join by agencies investigating
Bloomberg and Reuters reported on Wednesday that everyone had been informed by a source that the Justice Department would soon launch an antitrust investigation into the social media company.
This will only contribute to Facebook's regulatory struggles, which come as big tech companies like Amazon, Google and Apple face greater state and federal oversight as authorities and the general public become more aware of the growing influence in the market for these companies and consumer protection failures. ,
Facebook is now under investigation by the Judiciary Committee of the House of Representatives Judicial Committee of the House of Representatives Federal Trade Commission and a panel of Attorneys General New York Attorney General Letitia James.
It is not publicly known what will be the focus of the Justice Department's study.
In July, the Ministry of Justice announced that it had launched an expansion probe on "market-leading online platforms" to disclose if it "engaged in practices that reduced competition, stifled innovation, or otherwise harm consumers. " The Wall Street Journal reported at the time that the Justice Department had recently held a closed-door hearing where lawmakers received testimony from Facebook critics.
Facebook did not respond to a request for comment by Gizmodo. The Judiciary Committee verifies that Facebook – along with Google, Amazon and Apple – are engaging in anti-competitive behavior.
A consortium of attorneys general are trying to determine whether Facebook is endangering consumer protection and limited consumer choice. The Wall Street Journal reported last month that the FTC is aiming for Facebook acquisitions. In the last 15 years, Facebook has acquired about 90 companies, including WhatsApp and Instagram. And despite increased control over its competing practices, it shows no sign of delaying its mission to embrace all that is visible. Just this week, the hippo on social media bought CTRL-Labs, a startup focused on brain-reading technology, for between $ 500 billion and $ 1 billion.
An anonymous source told Bloomberg that the Justice Department was looking for different behavior from what the FTC was investigating. When the FTC fined Facebook in July, the company's shares saw a 1.8 percent increase . Perhaps one of the other investigations will actually help users more than Facebook.