U.S. FTC Chief Says Regulator Is Prepared To Break Up Big Tech Firms: Bloomberg

www.oann.com | 7/24/2019 | Staff
cindy95240 (Posted by) Level 3
(Reuters) – The U.S. Federal Trade Commission is prepared to break up major technology companies if necessary by undoing past mergers, Chairman Joe Simons said in an interview with Bloomberg published on Tuesday, as the regulator probes anti-competitive practices in the sector.

Simons said in the interview that breaking up a company is challenging, but could be the right remedy to rein in dominant companies and restore competition.

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