State attorneys general could be the latest group to put Silicon Valley in the crosshairs
. The current tech antitrust concerns, Hood added, are “up there with the Standard Oil trust during that era, the robber barons in the 1800s—we’re looking at that kind of political power.”
The targeted tech titans have hit back at the recent swell of accusations that they've perpetrated antitrust practices. Google's director of economic policy,, said at a congressional hearing that the tech giant has “helped reduce prices and expand choice for consumers and merchants in the U.S. and around the world,” while Facebook’s director of public policy,, claims the company “faces intense competition for all of the products and services that we provide.
Any potential antitrust investigation by the states would already come on top of the Justice Department, House Judiciary, and FTC's existing antitrust probes—plus additionalreports that the state investigation could “dovetail” with the DOJ's efforts. A smaller group of a dozen attorneys general reportedly met with DOJ officials in July to discuss their concerns about the tech companies, as state A.G.s moved forward with plans for their own investigation.
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