The founders of Big Tech lose billions after the government has considered an antitrust investigation



[ad_1]

<div _ngcontent-c14 = "" innerhtml = "

The net worth of Amazon CEO, Jeff Bezos, dropped by $ 6.5 billion after the announcement that authorities could investigate the company for antitrust reasons. Photographer: Andrew Harrer / Bloomberg

&copy; 2019 Bloomberg Finance LP

Topline: The fortune of the founders of Google, Facebook and Amazon fell more than $ 16 billion handset Monday after news revealed that large technology companies could be the target of several antitrust investigations.

  • The founders of Google, Sergey Brin and Larry Page, are respectively $ 2.6 billion and $ 2.7 billion poorer. Brin's net worth now stands at $ 45.6 billion and Page's $ 48.4 billion, according to Forbes' real-time Milliardaires. Ranking.
  • The fortune of Facebook's CEO, Mark Zuckerberg, is $ 4.8 billion lower. Its net worth is now $ 61.2 billion.
  • The founder and CEO of Amazon, Jeff Bezos, was the biggest loser, his net worth having dropped by $ 6.5 billion. But he remains the richest person in the world with a net worth that Forbes pickets at $ 139.8 billion.

What exactly happened? On Monday, several media outlets reported that the Ministry of Justice and the Federal Trade Commission had decided which agencies had jurisdiction over any possible antitrust litigation. Google, Facebook, Amazon and Apple.

After the announcement of the news, the shares of each company fell sharply.

The DOJ will process Google and Apple probes, while the FTC will investigate Facebook and Amazon. The agencies have not opened any official investigation, but the escalation shows that the government is seriously considering taking steps to dismantle Big Tech.

The House of Representatives has also announced its own investigation Big Tech, pointing out that lawmakers on both sides of the aisle are ready to face these companies.

NoteApple is also the target of a possible federal antitrust investigation, but its CEO, Tim Cook, is not a billionaire and therefore does not appear in the ranking of Forbes billionaires.

">

The net worth of Amazon CEO, Jeff Bezos, dropped by $ 6.5 billion after the announcement that authorities could investigate the company for antitrust reasons. Photographer: Andrew Harrer / Bloomberg

© 2017 Bloomberg Finance LP

Topline: The fortune of the founders of Google, Facebook and Amazon fell more than $ 16 billion handset Monday after news revealed that large technology companies could be the target of several antitrust investigations.

  • The founders of Google, Sergey Brin and Larry Page, are respectively $ 2.6 billion and $ 2.7 billion poorer. Brin's net worth now stands at $ 45.6 billion and Page's $ 48.4 billion, according to Forbes' real-time Milliardaires. Ranking.
  • The fortune of Facebook's CEO, Mark Zuckerberg, is $ 4.8 billion lower. Its net worth is now $ 61.2 billion.
  • The founder and CEO of Amazon, Jeff Bezos, was the biggest loser, his net worth having dropped by $ 6.5 billion. But he remains the richest person in the world with a net worth that Forbes pickets at $ 139.8 billion.

What exactly happened? On Monday, several media outlets reported that the Ministry of Justice and the Federal Trade Commission had decided which agencies had jurisdiction over any possible antitrust litigation. Google, Facebook, Amazon and Apple.

After the announcement of the news, the shares of each company fell sharply.

The DOJ will process Google and Apple probes, while the FTC will investigate Facebook and Amazon. The agencies have not opened any official investigation, but the escalation shows that the government is seriously considering taking steps to dismantle Big Tech.

The House of Representatives has also announced its own investigation Big Tech, pointing out that lawmakers on both sides of the aisle are ready to face these companies.

NoteApple is also the target of a possible federal antitrust investigation, but its CEO, Tim Cook, is not a billionaire and therefore does not appear in the ranking of Forbes billionaires.

[ad_2]

Source link