August 14 - 09:08
FTC chief: "We could break up big tech firms"
Joe Simons, head of the US Federal Trade Commission (FTC), says breaking up the leading tech firms isn't out of the question. The FTC is investigating the acquisition and anti-competitive practices of the likes of Facebook and Amazon. In a Bloomberg interview, Simons says undoing past mergers could be done "if you have to". The FTC added no further detail to Simons' comments.
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