Asking Five Major IT Companies to Submit Information on Business Acquisitions US Federal Trade Commission February 12 13:49
The U.S. FTC has asked five major IT companies, including Apple and Google, to provide more information about their acquisitions over the past decade. We expect to see if large companies with large amounts of money are hindering SME growth.
The U.S. FTC said on Friday that it had asked IT giants to provide information about the size and purpose of acquisitions over the past 10 years.
The five companies are Apple, Amazon.com, Google's Alphabet, Facebook, and Microsoft.
In the announcement, the FTC stated that it was "not for specific legal action."
IT giants, also known as "tech giants," have had huge amounts of money with rapid growth and have used many acquisitions to expand their businesses.
On the other hand, there are small and medium-sized companies called "startups" that are developing new services with a view to acquiring them by IT giants, but their growth is hampered by IT giants with huge funds Given the dissatisfaction, FTC is expected to investigate whether growth of SMEs is being hindered.