01:15:03 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 31,100,000
Close 2025-04-14 C$ 21.50
Market Cap C$ 668,650,000
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Globe says FTC takes Meta to court on Monday

2025-04-14 09:33 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Monday edition that the Trump administration has maintained a strong stance against major tech companies. A New York Times dispatch to The Globe reports that on Monday, the Federal Trade Commission goes to court against Meta, alleging it stifled emerging competitors by acquiring Instagram and WhatsApp. Additionally, on April 21, the Justice Department will argue that a federal judge should order Alphabet's Google to sell its Chrome web browser in an effort to curb its search monopoly. These cases, which marked the beginning of a new era of antitrust scrutiny, were started during President Donald Trump's first term in office and have continued under the Biden administration. The Biden administration has also filed monopoly lawsuits against Amazon, Apple and Google's ad-technology business. Investors in Silicon Valley and Wall Street hoped that Mr. Trump would show more leniency toward tech companies in his second term, especially with promises of deregulation. However, his appointees plan to maintain scrutiny over major tech firms. Former FTC chair Bill Kovacic noted that the first Trump presidency played a significant role in prompting this reassessment of the tech industry.

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