October 31, 2019
Will America’s technology giants be broken up? That possibility now looms as a growing number of state and federal antitrust investigators target the huge companies.
New York Attorney General Lelitia James said 47 attorneys general from U.S. states and territories have now joined her state’s investigation of Facebook. James said investigators will use every tool at their disposal to determine if Facebook’s actions “stifled competition and put users at risk.” Facebook also is the target of a separate antitrust investigation by the Federal Trade Commission, which handed the company a $5 billion fine due to its privacy policies.
Meanwhile, Facebook, Amazon, Google and Apple are being investigated by the U.S. Department of Justice, which is determining if the four companies have “stifled innovation.” The head of DOJ’s antitrust division said that a possible breakup of the companies is “perfectly on the table.”
Socionomists have noted an increase in attacks on prosperous corporations. To find out more read, “Attacks on Successful Corporations Accelerate“.
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.
The Socionomist enables you to see trend-shaping waves of social mood, as reflected by the stock market — and capitalize on them. The June issue looks at phases of social mood and features a “Research Roundup,” which highlights five academic studies that shine a light on important aspects of socionomic theory. Mood Riffs topics include “quiet luxury,” loneliness, the Writers Guild strike and efforts by countries to trade in currencies other than the U.S. dollar. Read the June issue when you become a Socionomics Premier Member.
