(San Francisco)

There have been a lot of worries about the tech sector this year. Besides valuation, the big fear has been the threat of regulation. Well, those anxieties are proving to be correct as the Department of Justice has just officially announced that it has opened a probe to figure out whether the tech sector is smothering competition. The broad antitrust investigation did not name companies in particular, but said it would focus on “search, social media and some retail services online”.

FINSUM: This is quite a worrying development, but it is hard to say how exactly it may play out. There does seem to be popular momentum behind further regulating big tech, which means lawmakers may be more emboldened.