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Amazon and Google Just Got Some Very Distressing News (and It's Pretty Bad for Facebook too)

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A lot of lawyers at Amazon and Google had to cancel plans this past weekend, I'm willing to bet.

The reason: a series of news reports that broke over the weekend, suggesting the federal government is teeing up antitrust investigations against both tech giants.

The news started dripping out Friday evening, with reports that the Justice Department was looking at Google.

And on Sunday, The Washington Post reported that Amazon is now facing "heightened antitrust scrutiny" by the Federal Trade Commission, after the FTC worked out an agreement with the Justice Department.

In other words -- and as a nonpracticing lawyer, I find this really interesting -- the two federal agencies in charge of antitrust investigation reportedly just worked out a deal in which one of them would go after Google, and the other one would scrutinize Amazon.


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