FTC Chief Says He’s Willing to Break Up Big Tech Companies
- Chairman Simons says FTC can unwind approved deals over harm
- FTC is investigating Facebook acquisitions in antitrust probe
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The head of the U.S. Federal Trade Commission said he’s prepared to break up major technology platforms if necessary by undoing their past mergers as his agency investigates whether companies including Facebook Inc. are harming competition.
FTC Chairman Joe Simons, who is leading a broad review of the technology sector, said in an interview Tuesday that breaking up a company is challenging, but could be the right remedy to rein in dominant companies and restore competition.