businessliberal
The FTC's New Focus: Microsoft's Cloud and Cybersecurity Practices
USAFriday, November 29, 2024
There's a lot of interest in tech monopolies right now. Google might have to sell Chrome and Android due to a search and ad monopoly accusation. The FTC is also investigating Amazon's retail practices, and the Department of Justice has accused Apple of having a monopoly in the smartphone market.
Microsoft's future is uncertain. With Donald Trump winning the election, the FTC's approach might change. Khan is expected to leave, likely replaced by a Republican who might be more pro-business. Elon Musk, who competes with Microsoft in AI and has sued them, could also influence policy. Microsoft has big contracts with the U. S. government, including military ones. Recently, their email services were hacked, which could be relevant to the probe. Microsoft's shares dipped 1% after the news, but shareholders seem unconcerned for now.
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