43 Attorneys General Urge FTC to Take Action on Big Tech Competition, Privacy

Dec 2014
15,791
5,433
The Milky Way
#1
Time to ratchet it up against these folks.


Forty-three attorneys general (AGs) sent a letter, obtained by Breitbart News, to the FTC ahead of its Wednesday hearing on competition and consumer protection, which will include many prominent attorneys general such as Louisiana AG Jeff Landry, asking that the agency make reforms to protect consumers, consumer privacy, and competition in technology markets.
The AGs also suggested that the FTC should cooperate more with the state attorneys general on competition and technology platform issues.
The AGs said that the FTC “should require prior approval and/or prior notice for future acquisitions as part of more consent decrees in technology platform markets.”
They contended in the letter that “prior notice” or “prior approval” served as part of the FTC’s injunctive toolkit, which would give the FTC more power when delivering consent decrees.
However, the AGs said that the FTC, as well as the Department of Justice (DOJ), have not used prior notice or prior approval in any technology platform markets, such as Facebook, Google, or Amazon.
The AGs noted that Facebook, Google, and Amazon might often acquire upstart competitors to them and often are not subject to Hart-Scott-Rodino (HSR) antitrust reporting requirements.
The state lawyers noted that these “technology platform markets where network effects are pronounced — are particularly susceptible to acquisitions of nascent competition which may be anticompetitive but which are not subject to HSR reporting requirements.”
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43 Attorneys General Urge FTC to Take Action on Big Tech Competition
 
Feb 2007
25,470
17,930
Colorado
#2
yeah this is a huge problem.

Not to mention the metric shit ton of information these companies require to patron - and we do it willingly because we are dumb fucks.