'A big deal'
Historically, the US has lagged Europe and other countries when it comes to regulating the tech companies. However, in July the US Justice Department said it would review whether practices by "leading online platforms" had stifled competition. Congress is separately holding hearings about the growth of monopoly power in the digital market. The Federal Trade Commission has also announced recent fines against Google's parent, Alphabet, and Facebook. The latest investigation includes nearly all 50 US states, except for California and Alabama. Critics of the tech giants, who have long bemoaned a lack of action in Washington, said they hoped the state-level effort would put pressure on the federal government to crack down. "Historically the feds have led the process and they're the ones that are taken seriously," said Matthew Stoller, a fellow at the Open Markets Institute, an anti-monopoly think tank. "The states coming out and saying we're going to do this on our own - that's a really big deal," he said.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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