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Big tech warned by top regulator: We will break you up if we have to

FTC Facebook penalty

  • Federal Trade Commission chairman Joe Simons told Bloomberg he's willing to break up the major US tech firms if necessary, the first sign that US regulators might take drastic action against Silicon Valley.
  • "It's not ideal because it's very messy. But if you have to you have to," said Simons.
  • The FTC is currently investigating Facebook over antitrust concerns.
  • Visit Business Insider's homepage for more stories.

The chairman of the Federal Trade Commission has sounded a warning bell, saying he'll break up big tech companies if he has to.

FTC chairman Joe Simons told Bloomberg in an interview on Tuesday that breaking up over-dominant tech companies could be an option.

See the rest of the story at Business Insider

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SEE ALSO: US regulators are talking to founders of companies Facebook acquired as part of the government's new antitrust probe

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