Tying up monopolies
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- from Shaastra :: vol 03 issue 04 :: May 2024
An exploration of the economic rationale — and the potential consequences — of anti-trust action against Big Tech firms.
The spectre of anti-trust action is haunting Big Tech. The U.S. Department of Justice recently sued technology giant Apple for "monopolizing smartphone markets". Similar actions have been initiated against Google and Meta by regulators in the European Union and the U.S. These are reminiscent of similar legal fights involving tech giants AT&T and Microsoft.
If successful, these lawsuits may lead to verdicts with far-reaching implications for the tech industry. In the past, similar litigation led to the break-up of AT&T, possibly the most successful tech company of the 20th century, fundamentally reshaping the technology landscape.
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