July 23, 2020

Seven Democratic senators urge caution on Google's purchase of Fitbit

Senators Amy Klobuchar and Elizabeth Warren and five other Democratic senators on Thursday urged the Justice Department to be cautious in reviewing Google’s planned purchase of Fitbit, saying the tech giant had already cemented its dominance in some areas through acquisitions.


In a letter to Attorney General William Barr, the seven Democratic senators expressed skepticism that the purchase was solely a bid to enter the wearables market since Google’s revenues are largely based on advertising driven by consumer data.


“Adding Fitbit’s consumer data to Google’s could further diminish the ability of companies to compete with Google in ... ad technology markets and could raise barriers for potential competitors to enter these markets,” the lawmakers wrote.


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Read the full article on the Reuters website here.



Source: Reuters