New FTC Task Force Will Take on Tech Monopolies

The Federal Trade Commission will be launching a task force to monitor competition in the US's technology markets, commissioners announced today. From a report: The task force will include current officials working in the agency's Bureau of Competition in order to 'enhance the Bureau's focus on technology-related sectors of the economy, including markets in which online platforms compete.' It will also include 17 staff attorneys who will be tasked with investigating anti-competitive behavior in the tech industry. 'The role of technology in the economy and in our lives grows more important every day,' FTC Chairman Joe Simons said. 'As I've noted in the past, it makes sense for us to closely examine technology markets to ensure consumers benefit from free and fair competition.'

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