People familiar with the matter also said the investigation would be led by Ken Paxton, a Republican and Texas attorney general. The state attorneys general will investigate Googles impact on the digital advertising market and the potential harm that concentration of personal information and advertising choices in the hands of a company could do to consumers, the person said.
According to the Securities Times, in July this year, the U.S. Department of Justice announced a broad anti-trust assessment of technology giants such as Google, Facebook, Amazon and Apple to see if they are illegal in curbing competition, mainly investigating the operation of platforms for Internet search, social media and retail services. Without meaningful market competition discipline, digital platforms may act in ways that do not meet consumer needs. Makan Delrahim, assistant attorney general in charge of the antitrust department, said.
The Securities Times also said that Facebook and Google are the two major online advertising giants in the United States and the world, with two companies monopolizing half of the advertising share in the United States and two-thirds of the global market. Some analysts said that the above series of rigorous investigations will trigger a major earthquake in Silicon Valley.
Source of this article: Sino-New Zealand Editor Responsible for Longitudinal and Weft: Wang Fengzhi_NT2541