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.
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.
The White House is proposing having the FCC monitor alleged censorship of political speech on social media platforms. Dan goes deeper with Axios tech policy reporter David McCabe.