Friday, March 24, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

US regulators wary of Big Tech swallowing startups

AFPbyAFP
September 16, 2021, 8:40 am
in Biz Plus
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies.

Google's parent Alphabet, Amazon, Apple, Facebook and Microsoft carried out hundreds of deals in recent years that were too small to be reported to authorities for approval, the Federal Trade Commission heard at its meeting.

Commissioner Rebecca Slaughter said regulators need this type of broader perspective, and that reviewing acquisitions individually was insufficient. 

"I think of serial acquisitions as a Pac-Man strategy: each individual merger, viewed independently, may not seem to have a significant impact," her prepared comments said. 

"The collective impact of hundreds of smaller acquisitions can lead to a monopolistic behemoth."

ADVERTISEMENT

She spoke as the commission heard findings from a study launched in February of last year into over 600 acquisitions by the tech titans from 2010-19, some of which were below the threshold for reporting.

Appointments to the FTC and the Department of Justice in US President Joe Biden's administration have signaled ramped up anti-trust enforcement, amid calls by some to break up some of the biggest and most successful Big Tech firms.

FTC has filed suit against Facebook, alleging it used "anticompetitive acquisitions" of potential rivals such as Instagram and WhatsApp to protect its dominance.

Additionally, the Justice Department's antitrust division said it is working with the commission to carefully review its guidelines on "harmful mergers" such as big firms gobbling up small operators in markets.

"The Department of Justice is conducting a careful review of the Horizontal Merger Guidelines and the Vertical Merger Guidelines to ensure they are appropriately skeptical of harmful mergers," acting attorney general Richard Powers said in a release.

FTC chair Lina Khan noted Big Tech companies have devoted "tremendous resources" on acquisitions that are "largely outside of our purview."

"This study underscores the need for us to closely examine reporting requirements… and to identify areas where the FTC may have created loopholes that are unjustifiably enabling deals to fly under the radar." 

Facebook in July filed a formal request calling for the recusal of Khan in any antitrust action against the social media giant, arguing that she is biased and cannot rule impartially.

The move follows a similar request from Amazon in anticipation of a wave of antitrust enforcement action against Big Tech firms from the regulatory agency under its leader appointed by Biden.

Tags: AmazonAppleBig TechFacebookGoogleInternetITmergerMicrosoftUS
ADVERTISEMENT
AFP

AFP

Related Posts

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:30 am
0
8
Atlas booked P1.94-billion profit in six months

Read more

MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:00 am
0
8
MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Read more

Accountancy profession celebrates 100 years in PH

byManila Standard
March 23, 2023, 6:45 pm
0
8
Accountancy profession celebrates 100 years in PH

The Board of Accountancy in collaboration with the Philippine Institute of Certified Public Accountants and other sectoral organizations celebrated the...

Read more

US top court hears copyright case involving Jack Daniels and a dog toy

byAFP
March 23, 2023, 6:05 pm
0
8
US top court hears copyright case involving Jack Daniels and a dog toy

WASHINGTON—The phrase “dog poop” was uttered several times on Wednesday in the hallowed chamber of the US Supreme Court as...

Read more

China holds ‘upper hand’ in Russian gas exports

byAFP
March 23, 2023, 6:00 pm
0
8
Banaag assumes post as Bright Kindle director

BEIJING—A massive new gas pipeline to China could help reduce Russia’s reliance on European buyers, but analysts say the project...

Read more

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
March 23, 2023, 6:30 am
0
8
Atlas booked P1.94-billion profit in six months

Read more

Print Edition

View More

Recent Posts

  • Tokyo Bubble Tea launches Brown Sugar series
  • Celebrating the Sakura Festival in the metro
  • SM Hotels & Conventions Corp. (SMHCC) strengthens partnership with Radisson Hotel Group (RHG)
  • Lee Min-ho greets Filipino fans
  • Making sustainable, resilient communities accessible to all Filipinos
  • Coffee Project makes it to World’s Top 50 Instagrammable Cafes
  • ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting
  • MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Advertisement

Latest News

Coffee Project makes it to World’s Top 50 Instagrammable Cafes

byManila Standard
March 24, 2023, 12:00 pm
0
8
Coffee Project makes it to World’s Top 50 Instagrammable Cafes

Coffee Project is the sole coffee shop in the Philippines to make it to the Top 50 Most Instagrammable Cafes...

Read more

ATLAS CONSOLIDATED MINING AND DEVELOPMENT CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:30 am
0
8
Atlas booked P1.94-billion profit in six months

Read more

MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

byManila Standard
March 24, 2023, 6:00 am
0
8
MANILA WATER COMPANY, INC.: Notice of Annual Stockholders’ Meeting

Read more

Sneakers for Makati : AB4.0

byManila Standard
March 24, 2023, 2:10 am
0
288
Sneakers for Makati : AB4.0

Read more

Damage claims on oil spill set

byCharles Dantesand1 others
March 24, 2023, 2:00 am
0
8
PBBM looks at faster cleanup of oil spill, Japan sends expert help

Processing of pay demands of affected sectors starts on Monday People affected by the oil spill in Oriental Mindoro may...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App