Lawmakers in the House of Representatives are working on drafts of five antitrust bills, four of them aimed directly at reining in Big Tech, and may introduce them within days, according to three sources.
Washington, DC’s attorney general filed a lawsuit against Amazon.com on Tuesday, alleging the online retailer broke antitrust law by requiring that third-party sellers not offer better deals for their products elsewhere.
Facebook beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could "significantly" decline as new privacy policies will make it harder to target ads.
The American retail giant has announced that it plans to support national manufacturers with $350 billion in added business over the next decade, with focus areas including textiles and small electrical appliances.
Amazon.com Inc agreed to pay more than $61.7 million to settle allegations it cheated Amazon Flex drivers out of nearly one-third of tips from customers for more than two years, the FTC said on Tuesday.