The UK’s Competitions and Markets authority has announced it will be running a number of antitrust investigation’s and probes into big tech including Google and Amazon.
This has come off the back of the CMA being untethered from EU powers and free to pursue its own means and actions. One may question though the effectiveness of announcing investigations, so the firms can get their houses in order. Possibly a bit of posturing and muscle flexing on the new authorities part, the new sheriff in to break up the monopolies.
Punishments appear to be fine in the 10% of revenue region, no small potatoes. Of special concern appears to be the level of acquisitions by big tech, with Googles acquisition of Fitbit which we have covered previously.