The U.S. Justice Department has jurisdiction for a potential probe of Apple Inc as part of a broader review of whether technology giants are using their size to act in an anti-competitive manner, two sources told Reuters.
Facebook suffered the biggest fall, with shares diving as much as 9.3 per cent after it emerged that the Federal Trade Commission is set launch an investigation into how the social media giant affects competition in the sector. Results are not likely to be quick.
"At what point is a platform like that a common carrier in the information age?", he asked, referring to the USA government's definition of a utility which, applied to Facebook, would enable the Federal Communications Commission to regulate the company.
Competition issues in the tech industry have become a political issue ahead of next year's United States presidential elections, with president Trump having repeatedly criticised Amazon, Google and social media companies.
Google, which did not comment at the time, has previously said it has invested in China for years and plans to continue to do so, but that the company also was continuing to work with the USA government on projects in healthcare, cybersecurity and other fields.
Will Google Stadia Be Worth the Money?
For a limited time, players who pick up the Founder's Edition will get free access to the Destiny 2 bas game and expansions. So, it seems that Get Packed isn't actually a launch title, despite the fact that Harrison said it is.
But an FTC staff report that was released years later showed that the agency staff had urged the presidentially-appointed commissioners to bring a lawsuit against Google. "The rest of the world gets it", he said, noting that the EU and major European countries like Germany have been focused on the power of these companies for some time.
The DOJ, meanwhile, has a history with Apple, finding the company engaged in ebook price fixing-a decision that cost the Tim Cook-led empire a cool $648 million.
"Their predatory power grabs demand strict & stiff investigation & antitrust action", the senator wrote on Twitter.
The House Judiciary Committee on Monday opened an investigation to look into potential anticompetitive behavior by the companies that dominate the web. The company declined to comment on Monday. Amazon declined 4.6 percent.
In 2013, the FTC closed an antitrust investigation of Google over whether it favored certain search results, among other things.
Shares in Alphabet Inc. have fallen after news of a Justice Department Antitrust investigation into Google started circulating online.