The FTC is readying an investigation into Microsoft's cloud-computing business: report [Business Insider]
Amazon.com, Inc. (AMZN)
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Source: Business Insider
The investigation is part of a probe into anticompetitive practices among cloud service providers. Cloud computing is a multibillion dollar industry that includes players like Amazon, Microsoft, and Google. The Federal Trade Commission is reportedly gearing up to launch an investigation into Microsoft's cloud computing platform, Azure, based on allegations that the company is using anti-competitive tactics to maintain its dominance in the cloud market. The FTC is examining claims that Microsoft has imposed punitive licensing agreements to block customers from moving their data off its platforms to competitors, the Financial Times reported , citing people with direct knowledge of the probe. Microsoft and the FTC did not respond to Business Insider's request for comment. The tactics it may investigate include hiking subscription fees for customers who want to leave or steep exit fees and making its platform incompatible with competitors, sources told the FT. The probe would
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AMZN
Earnings
- 10/31/24 - Beat
AMZN
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- AMZN's page on the SEC website