Just after the Bell...

On Wednesday afternoon, just after the closing bell had rung, Bloomberg News reported that Microsoft (MSFT) had come under a wide-ranging antitrust investigation by the Federal Trade Commission in the US. According to the piece, the FTC had sent a lengthy (hundreds of pages) request to Microsoft demanding detailed information in regard to company policy.

Parts of Microsoft's business coming under scrutiny are said to be cloud computing. software licensing, cybersecurity and artificial intelligence and how the firm bundles these services making it difficult for competitors to take share.

The FTC is specifically taking a look at rising subscription fees, exit fees for customers that might want to look elsewhere, and the fact that Office 365 software is incompatible with both Amazon's (AMZN) AWS and Alphabet (GOOGL) Cloud as well as other cloud services providers.

Shares of Microsoft showed some weakness in after-hours trade on Wednesday evening, but have recovered most of those losses on Friday morning.

I am long MSFT.