Facebook shares plummet after FTC announces massive probe into Big Tech antitrust violations, censorship
by: Ethan Huff
NaturalNews.com
Wednesday, June 05, 2019
The first fruits of the Trump administration’s long-awaited crackdown on the monopoly held by Big Tech are finally beginning to ripen, and Wall Street is certainly taking notice.
On Monday, June 3, after it was quietly announced by The Wall Street Journal (WSJ) that the Federal Trade Commission (FTC) has been given the green light to launch a much-needed antitrust investigation into Facebook, just like President Donald Trump promised, Facebook shares reportedly plummeted a whopping nine percent during midday trading, shaving a cool $6 billion off of Mark Zuckerberg’s net worth.
The FTC had previously indicated that it’s already in the process of imposing a huge fine on Facebook for its well-known data privacy violations. But now, the regulatory agency is reportedly getting all of its ducks in a row to go after Facebook for engaging in all sorts of other monopolistic behavior, including censoring conservatives and Christians on its platforms.
Similarly, Google, Amazon, and presumably many other tech giants, are also on this investigatory docket, as all of these companies are likewise guilty of betraying the public trust by flagrantly violating the First Amendment rights of users, among other online crimes.
“Jurisdictional agreements between the FTC and Justice Department don’t assign one agency the right to oversee one company for all purposes,” the WSJ revealed about how things are slated to proceed.
“Instead, the two antitrust agencies clear each other to work on specific issues. Both the FTC and Justice Department, for example, in the past have conducted oversight of issues related to Google and Amazon.”
DOJ and FTC have plenty of witnesses to speak with, including Big Tech employees who’ve come out as whistleblowers exposing the Tech Cabal’s digital crimes
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