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U.S. FTC chief says prepared to break up big tech firms


Reuters


Aug 13 (Reuters) - U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency probes anti-competitive practices in the sector.

Simons said in the that breaking up a company is challenging, but could be the right remedy to rein in dominant companies and restore competition (graphic).

He is leading a broad review of the technology sector to see whether companies including Facebook Inc are harming competition.






This article appears in: Stocks , Politics
Referenced Symbols: FB



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