A broad antitrust investigation into Microsoft by the U.S. Federal Trade Commission (FTC) has cast a shadow over the tech giant, contributing to a decline in its stock price. The probe, which was confirmed on November 27, 2024, is examining Microsoft's software licensing and cloud computing businesses, as well as its cybersecurity and artificial intelligence products. This investigation comes amid broader scrutiny of Big Tech companies and follows complaints from competitors about Microsoft's market practices. The FTC's inquiry is part of a larger effort to address potentially anticompetitive behavior in the tech industry, with Microsoft now facing increased regulatory pressure.
The GraniteShares 2x Long MSFT Daily ETF (MSFL) closed at $23.68, marking a 2.43% decline for the day, with an additional 0.59% drop after market hours.