The fortunes of the founders of Google, Facebook and Amazon tumbled more than $16 billion dollars combined on Monday after reports surfaced that big tech firms may be the target of several antitrust probes
Amazon CEO Jeff Bezos's net worth fell $6.5 billion on the news that authorities may investigate the company for antitrust concerns. Photographer: Andrew Harrer/Bloomberg: .
Google founders Sergey Brin and Larry Page are $2.6 billion and $2.7 billion poorer, respectively. Brin’s net worth is now $45.6 billion while Page is worth $48.4 billion, according to Forbes’ Billionaires Real TimeFacebook CEO Mark Zuckerberg’s fortune is $4.8 billion smaller. His net worth is now $61.2 billion.
Amazon founder and CEO Jeff Bezos was the biggest loser, with his net worth dropping $6.5 billion. But he’s still the wealthiest person in the world with a net worth thatOn Monday, several news outlets reported that the Department of Justice and the Federal Trade Commission decided which agencies have jurisdiction over any possible antitrust cases againstThe DOJ will handle Google and Apple probes, while the FTC will investigate Facebook and Amazon.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart Hires Global Tech Chief to Compete With AmazonWalmart is hiring Suresh Kumar, a former executive from Amazon and Google, to lead global technology, creating a new senior role as the world’s biggest retailer ramps up its efforts to take on Amazon.
Read more »
Feds target four of the biggest tech companies in U.S., and their stocks are getting slammedA federal government crackdown on big tech is punishing Big Tech on Monday, with Shares of Alphabet Inc., Amazon.com Inc. , Facebook Inc., and Apple Inc....
Read more »
Big Tech Founders Lose Billions After Government Considers Antitrust ProbeThe net worth of Amazon CEO Jeff Bezos fell the most.
Read more »
House Judiciary Committee launches 'top-to-bottom' antitrust probe of big techThe House Judiciary committee said Monday it is launching a 'top-to-bottom' antitrust investigation of the tech industry, including Amazon, Apple, Facebook and Google.
Read more »
House Committee to Investigate Tech Giants Over CompetitionThe House Judiciary Committee said Monday it would investigate the technology industry over competition concerns, as oversight of tech giants Facebook, Amazon.com, Apple and Google parent Alphabet rises.
Read more »
'Money to share' - MacKenzie Bezos pledges half her Amazon fortune to charityMacKenzie Bezos signs the 'Giving Pledge,' a campaign announced in 2010 by Warren Buffett and Bill Gates, which calls for the super-rich to give away more than half their fortunes to charity
Read more »
Walmart taps ex-Google, Amazon employee as new chief technology officerWalmart Inc appointed Suresh Kumar, a former employee of Alphabet Inc-owned Goog...
Read more »
Amazon Removes Books Promoting Bleach As Cure For Autism, CancerThe action follows parents saying they have force-fed their children the toxic chemical as a “miracle cure.”
Read more »
Amazon, Alibaba Battle for Web Sales During RamadanBig online retailers including Amazon and Alibaba are competing more fiercely to gain a foothold in the Arab world during this year’s Ramadan, Islam’s holy month of fasting and gift giving.
Read more »
Amazon brings online sellers to UK high street in pop-up storesOnline retail giant Amazon said it would open pop-up shops in Britain to give mo...
Read more »