The FTC is actively seeking out complaints about anti-competitive behavior in Silicon Valley – an unusual move that hints at the government’s growing interest in policing Big Tech
The FTC has sent top antitrust officials into the heart of Silicon Valley to seek out complaints about anti-competitive behavior, an unusual move that offers yet another hint about the government’s growing interest in policing the industry's giants.
The FTC’s outreach at the May 22 conference in Palo Alto, organized by the publication Global Competition Review, was one visible sign of the approach the commission is taking toward antitrust scrutiny after creating the technology task force in February. The mandate of the 17-person task force, mainly made up of FTC staff attorneys, is to investigate anti-competitive conduct and review previously approved mergers.
“We need your help,” Hoffman told the gathering. “Participants in these various industries might well be best situated to spot problematic acquisitions and bring them to our attention.” “Because small companies and investors fear retaliation or some kind of financial detriment by speaking up, it’s important for antitrust enforcers to reach out and make it easy for complainants to present their information confidentially with the protection of the government. It sounds like the FTC is enabling that type of behavior,” said Gene Kimmelman, a former DOJ official who now runs the advocacy group Public Knowledge.
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