FIRST AIRED: July 23, 2019

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Transcript

00:00:00
the justice department is opening an investigation of major internet companies to determine whether they engage in anti competitive practices in a statement Tuesday the DOJ said the review will look into quotes whether and how a market leading online platforms have achieved market power and are engaging in practices that have reduced competition stifled innovation or otherwise harm to consumers the department did not disclose which specific companies are under review but it did mention quote search social media and some retail services online an apparent reference to Google's parent alphabets Amazon dot com Facebook and potentially apple Google and apple declined to comment while Facebook an Amazon did not immediately comments the DOJ's probe is a major step as big tech firms face backlash around the world from lawmakers and consumer groups for having too much power and harming their smaller rivals and loyal users