Jul 17, 2019

Big Tech rehearses monopoly defense before House

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The antitrust vise tightens on tech

Illustration: Sarah Grillo/Axios

The Justice Department's announcement Tuesday that it will probe the market power of online platforms is the latest sign of deepening trouble in Washington for major tech companies.

Why it matters: Antitrust action is one of the most significant steps a government can take to rein in a company — and Justice's announcement is the kind that can kick off years-long probes.

Go deeperArrowJul 24, 2019

European Union opens antitrust probe of Amazon

Amazon CEO Jeff Bezos. Photo: SAUL LOEB/AFP/Getty Images

The EU said Wednesday it would investigate how Amazon creates products, like AmazonBasics batteries or Solimo brand razors, that compete with offerings from outside merchants on its site.

Why it matters: It's a major new wave of scrutiny for the retail giant at a time when it is also under fire in the U.S.

Go deeperArrowJul 17, 2019

Steven Mnuchin: Amazon "has destroyed the retail industry"

Secretary Mnuchin. Photo: Mark Wilson/Getty Images

U.S. Treasury Secretary Steven Mnuchin said Wednesday that it's "absolutely right that the attorney general is looking into" Amazon because it "has destroyed the retail industry across the U.S."

The big picture: Amazon, along with Facebook and Google, appears to be the subject of a Justice Department probe into the market power of online platforms. Mnuchin, an administration official, is weighing in and suggesting that Amazon is stifling competition before the antitrust investigation has really even started.

Go deeperArrowJul 24, 2019