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Big tech is armed, waiting to repel US antitrust onslaught

Bloomberg
Bloomberg6/7/2019 07:30 AM GMT+08  • 5 min read
Big tech is armed, waiting to repel US antitrust onslaught
(June 10): Investors were caught off guard by the sudden US assault on technology giants last week, but behind the scenes, the industry’s biggest companies have been preparing for this moment of reckoning for months.
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(June 10): Investors were caught off guard by the sudden US assault on technology giants last week, but behind the scenes, the industry’s biggest companies have been preparing for this moment of reckoning for months.

They have hired lawyers and built up their lobbying shops in response to antitrust investigations that have been well under way in the European Union, and which are just now getting started in Washington.

People close to the companies say they have long anticipated US probes. And while these tech giants will need to bolster their defences for added scrutiny closer to home, Amazon.com, Alphabet’s Google, Apple and Facebook all have been working publicly and behind the scenes for months to make their cases for why they help competition, rather than harm it, and already have formidable teams in place.

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