Facebook, Google Shares Down Amid Antitrust Scrutiny

Shares of Google and Facebook closed down Monday after DOJ and the FTC are reportedly considering heightened antitrust scrutiny. Facebook lost 7.5 percent to $164.15; Google 6.1 percent to $1,036.23. The agencies assigned antitrust jurisdiction over the companies, signaling potential increased scrutiny, The Washington Post reported. The FTC reportedly will do oversight of Amazon, while Google will come under DOJ scrutiny. The Wall Street Journal reported DOJ is preparing an investigation of Google, and the FTC will examine Facebook impacts on digital competition. Reuters reported DOJ has jurisdiction over Apple. The companies and agencies didn’t comment.