FTC Testifies before Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights on Competition in Digital Technology Markets
(World News Science)

In , the Federal Trade Commission addressed how U.S. antitrust laws apply to acquisitions of nascent or potential competitors by digital platforms. The testimony noted that many sectors of the economy have experienced significant disruption, which has resulted from the widespread use of technology to support new and evolving business models. Testifying on behalf of the FTC, Bureau of Competition Director Bruce Hoffman stated, `This hearing focuses on one potential form of conduct that could harm competition in digital technology markets - the acquisition by dominant firms of nascent or potential competitors. This type of behavior, of course, can be just as...