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The two agencies negotiate to decide which one will represent the government in any particular inquiry.On Monday, The Wall Street Journal reported that the two agencies had agreed that the Justice Department would investigate Google, while the FTC would focus on Facebook. The Journal had already reported that the Justice Department was preparing a new Google investigation.The Journal notes that the FTC has already been investigating Facebook on privacy issues but that it "isn't known if the FTC has near-term plans to launch a formal antitrust investigation of Facebook." However, the fact that the FTC obtained Justice Department approval to take the lead on Facebook antitrust issues certainly suggests the agency is taking the issue seriously.Google and Facebook are big companies with many products and technologies, so an antitrust investigation could go in many different directions.
As said here by Timothy B. Lee