Silicon Valley Is Targeted by U.S. Over Antitrust Bloomberg
The technology industry is girding for sweeping investigations into its business practices as top U.S. antitrust enforcers divide up scrutiny of some of Silicon Valley’s best-known names, sending shares of the biggest companies tumbling on Monday. The Federal Trade Commission will take responsibility for antitrust probes of Facebook Inc. and Amazon.com Inc., while the Justice Department is set to open an investigation of Alphabet Inc.’s Google, according to people familiar with the matter. The Justice Department will also oversee scrutiny of Apple Inc., Reuters reported. By parceling out an…
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