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FTC ordering tech giants to turn over records amid allegations of possibly creating unfair monopolies

Posted: 10:53 PM, Feb 11, 2020
Updated: 2020-02-12 14:52:02-05
tech giants

The federal government is stepping up its investigation into big tech on Tuesday, ordering five of the internet giants to turn over their records.

Google, Amazon, Facebook and Microsoft were all ordered by the Federal Trade Commission to turn over records on mergers and the companies it bought over the past decade. The order to hand over the records comes as state prosecutors and Congress investigate whether those big tech companies are becoming monopolies by violating antitrust laws and crushing the competition.

Experts say the allegations of monopolizing the markets could be bad news for consumers.

"If they get too much market power, that they're the only store in town... that's when it becomes dangerous," said antitrust lawyer Susie Hoeller.

PREVIOUS COVERAGE: Florida businesses support investigations into tech giants for possibly creating unfair monopolies

Earlier this month, I-Team Investigator Adam Walser reported how those tech giants are being accused of seizing too much control over your information. You can click here for the full press release from FTC.