US and UK Regulators Are Going After Amazon And Microsoft
Portfolio Pulse from Upwallstreet
The Federal Trade Commission (FTC) and UK's media regulator, Ofcom, are investigating Amazon and Microsoft for alleged anti-competitive practices. The FTC accuses Amazon of using its online retail dominance to suppress competition, while Ofcom is concerned about Amazon and Microsoft's dominance in the UK cloud market. Ofcom estimates that Amazon, Microsoft, and Google generate roughly 81% of revenues in the UK's cloud infrastructure services market, worth $18.2 billion. The investigations aim to ensure fair competition in these markets.
October 05, 2023 | 2:57 pm
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NEGATIVE IMPACT
Amazon is under investigation by the FTC and Ofcom for alleged anti-competitive practices in online retail and the UK cloud market.
The investigations could lead to fines or changes in business practices, which could negatively impact Amazon's profitability and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Google, while not the main target of the investigations, is part of the dominant trio in the UK's cloud infrastructure services market.
Although not the main target, Google could still be affected by any regulatory changes resulting from the investigations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft is under investigation by Ofcom for its dominance in the UK cloud market.
The investigation could lead to fines or changes in business practices, which could negatively impact Microsoft's profitability and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100