US President, Donald Trump said in his reports that he’s considering an antitrust action against Google, Amazon and Facebook which are one of the country’s biggest technology firms. During his interview with AxiosOpens a New Window, The President made this known stating that there had been no final decision concerning the action but his administration is looking very possible to ignite the antitrust action against these companies.
“We are looking at [antitrust] very seriously … Look, that doesn’t mean we’re doing it, but we’re certainly looking and I think most people surmise that, I would imagine,” he said on “Axios on HBO.”
The President also added that he doesn’t like the fact that European Union officials were fining Google $5 Billion for alleged anticompetitive practices. He said since it’s an American company if anybody should be taking that action it should be the U.S. government.
The UK government had also fined Facebook as high as hundreds of thousands of dollars for it’s failure to protect it’s users’ data. Despite the considerations, Trump said Facebook, Google and Amazon “are great companies” and he wants them to do well.
Shares of the three companies were trading slightly lower at the start of Monday’s session.
While there had been repeated criticism by the President on Amazon and it’s Chief Executive, Jeff Bezos by accusing the company of dodging “internet taxes”, ripping off the U.S Postal Service and suggesting it had a big antitrust problem.
“He’s using The Washington Post, which is peanuts, he’s using that for political purposes to save Amazon in terms of taxes and in terms of antitrust,” Trump told Sean Hannity last year.