U.S. Attorney General William Barr said on Tuesday that he hoped to have Justice...
The four tech companies have been lightning rods for regulator probes this year. In addition to the Justice investigations, the Federal Trade Commission, state attorneys general and Congress are looking at one or more of the companies.
“I’d like to have it completed some time next year. I think it’s important to move quickly on things,” Barr said. “These things have a cost to the marketplace and businesses. I think at some point the government has to fish or cut bait.” “The question is that when you have the kind of market power that some companies have in their market, then some conduct that may have made sense when they were the insurgent company in a growing industry can become anti-competitive because it ends up fortifying the monopoly,” he said.
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