We The People

We The People

Thursday, December 3, 2020

Facebook and Google Are Buying Up Rivals Despite Antitrust Action

Facebook and Google Are Buying Up Rivals Despite Antitrust Action

Despite ongoing government antitrust investigations and lawsuits, tech giants Facebook and Google are continuing to finalize deals to purchase rival companies. Axios reports that despite an antitrust lawsuit filed against Google by the DOJ and reports of addiitonal incoming government antitrust lawsuits, tech giants such as Facebook and Google are continuing to finalize deals to purchase smaller rivals. On Monday, Facebook announced that it has purchased a customer service chatbot startup called Kustomer for $1 billion, the same amount the company paid for the photo-sharing app Instagram in 2012.

No comments:

Post a Comment