State probes into Google and Facebook 'could be viewed as political grandstanding. We think that would be a mistake,' the analysts wrote.
While Apple, Amazon, Facebook and Google face significant antitrust risk before and after the 2020 election, the latter two are the most exposed, Cowen writes.
"We believe state AGs are now willing to take antitrust enforcement actions independent of DOJ and the FTC," they added. Before the 2020 election, Cowen sees a 75% chance Google will face antitrust action by either the federal government or states and a 60% chance Facebook does. Facebook CEO and founder Mark Zuckerberg testifies during a US House Committee on Energy and Commerce hearing about Facebook on Capitol Hill in Washington, DC, April 11, 2018.While Apple, Amazon, Facebook and Google-parent Alphabet face significant antitrust risk before and after the 2020 election, the latter two are the most exposed to accusations of innovation-stifling and anti-competitive practices, according to Cowen.
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