Bloomberg Businessweek

The Trustbusters

Delrahim and Simons use their antitrust experience to keep Big Tech in line

Their Yalta moment took place, appropriately enough, at an invitation-only meeting of the world’s top antitrust enforcers in mid-May. As attendees at the conference in Cartagena, Colombia, debated competition policy in a digital economy, Makan Delrahim, chief of the U.S. Department of Justice’s antitrust division, and Joe Simons, chairman of the Federal Trade Commission, divided the four largest U.S. tech companies between them.

After eight months of emails and discussion and decades of laissez-faire policy, they were ready to put Amazon, Apple, Facebook, and Google under the microscope, according to a person familiar with the matter. That decision, echoing the way Allied leaders carved up postwar Eastern Europe, introduced what could be a new era of antitrust enforcement. Tech’s Big Four may not be sovereign nations, but their almost $3 trillion in market value

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