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What happened
Actions of Amazon.com (NASDAQ: AMZN) are down 5.8% in the last minutes of Monday, as rumors start to swell the investigation into an impending investigation of the company for anti-competitive business practices.
As Reuters reported today, representatives from the Antitrust Division of the United States Department of Justice and the Federal Trade Commission have met in recent weeks to discuss a division of labor in the investigation. on several giants of technology – Alphabet, Apple, and Facebook among them – but also Amazon.com.
Source of the image: Getty Images.
So what
According to the report, the FTC will consider these issues on Amazon and Facebook. The DOJ will investigate Apple and Alphabet. Antitrust concerns seem to be at the heart of the actions of the government in all four cases.
It is not yet clear what the two agencies intend to do next, but a request for information on the issues that concern them – followed by an unqualified response from the companies to "fully cooperate" – corresponds to the way in which they take place normally.
Now what
It is important to keep in mind that the fact that the government is watching This does not mean that it will open a formal investigation of all or even none of the companies. And it is much less likely that he will necessarily find one or more of them guilty of monopolistic behavior.
However, the likelihood of this happening seems to be enough for investors to get into the "pull first, then ask questions later" mode – and Amazon is now in their sights.
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