Use Code BALT69 for a $69 Ticket to One Day University on July 9

Alphabet Inc.

Congress launches Big Tech antitrust probe

The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech.

On Monday, the House Judiciary Committee announced a sweeping antitrust probe of unspecified technology companies . In a statement, it promised "a top-to-bottom review of the market power held by giant tech platforms," which would be the first such Congress has ever undertaken.

Earlier in the day, shares of Facebook, Google, Amazon and Apple dropped significantly after published reports suggested that federal authorities are preparing for investigations into anticompetitive behavior by several of these technology giants.

Facebook's stock dropped 7.5%....

72°