- U.K. digital regulator Ofcom proposed investigating digital markets, including cloud computing, internet messaging, and smart devices.
- Ofcom will first probe whether the so-called hyperscale cloud providers, Amazon.com Inc's (NASDAQ:AMZN) Amazon Web Services, Microsoft Corp's (NASDAQ:MSFT) Azure, Alphabet Inc' (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud, hampered innovation and growth.
- Collectively, these three firms generate 81% of revenues in the U.K. public cloud infrastructure services market worth £15 billion.
- Also Read: More Regulatory Watching For Amazon, $1.7B Proposed Purchase Of iRobot Attracts Atention
- The calling and messaging study will examine Meta Platforms Inc's (NASDAQ:META) WhatsApp, Apple Inc's (NASDAQ:AAPL) FaceTime, and Zoom Video Communications Inc (NASDAQ:ZM), and issues like whether they should be able to interact with each other more.
- The smart devices investigation will inspect connected televisions and speakers and their bargaining power with those who produce content like entertainment and news.
- The Competition and Markets Authority is amid several active probes into Big Tech companies.
- Meanwhile, the European Commission penalized Google billions of dollars over alleged antitrust offenses and investigated Apple and Amazon in separate cases.
- U.S. Senator Amy Klobuchar blamed an "incredible onslaught of money" hindering a landmark antitrust bill from checking the power of the U.S. Big Tech companies.
- Price Action: AMZN shares traded lower by 0.01% at $100 premarket on the last check Thursday.
- Photo by Okan Caliskan from Pixabay
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