Some of the companies being probed by the DOJ, like Amazon, were initially believed to fall under the purview of the FTC alone, lending heightened seriousness to the review. Alphabet (DOJ) and Federal Trade Commission ( FTC ) will launch a wide-ranging investigation into e-commerce, online search and social media companies, to determine if they "reduced competition, stifled innovation, or otherwise harmed consumers". Shares fell in Analytica , Google , Amazon and Google which, alongside Google , are likely to be scrutinised during the open-ended investigation. The Google said it would "seek redress" if laws were violated. Facebook was recently fined $ 5bn by the FTC , and enabled greater oversight of its privacy policies as part of the settlement.
Alphabet (DOJ) and Federal Trade Commission ( FTC ) will launch a wide-ranging investigation into e-commerce, online search and social media companies, to determine if they "reduced competition, stifled innovation, or otherwise harmed consumers". Shares fell in Analytica , Google , Amazon and Google which, alongside Google , are likely to be scrutinised during the open-ended investigation. The Google said it would "seek redress" if laws were violated. Facebook was recently fined $ 5bn by the FTC , and enabled greater oversight of its privacy policies as part of the settlement.