Google and Apple now threatened by the US antitrust laws helped build their technology empires

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 76 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 69%
  • Publisher: 63%

Google News

Justice Department,Microsoft,Apple

SAN FRANCISCO (AP) — The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving...

SAN FRANCISCO — The U.S. Justice Department 's double-barreled antitrust attack on Google 's dominant search and Apple 's trendsetting iPhone is reviving memories of the epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company.

And that is what the Justice Department did in an antitrust case against Microsoft that caused massive distractions that opened the door for Google's search engine to become the internet's main gateway. It also culminated in a series of concessions that paved the way for Apple to extend the reach of its iTunes music store that increased the popularity of the iPod that spawned the iPhone.

But it's also a tableau that antitrust experts cite as evidence that the system is working to unlock more robust competition that hatches innovations. And then those breakthroughs sometimes serve as the building blocks for new monopolies that must eventually be challenged by regulators, even as fallen empires like Microsoft can still find ways to reinvent themselves.

Those are the kinds of innovations that have fueled economic growth and society-shifting products that might not have happened had antitrust regulators stayed on the sidelines while IBM and AT&T continued to exploit their respective monopolies, Yale University economics professor Fiona Scott Morton said.

Assault charges against two security guards who worked at a downtown Halifax bar have been withdrawn moments before their trial was supposed to get underway.Alexander Levy, 38, and Matthew Day, 33, were both charged in relation to an incident outside the Halifax Alehouse on Oct. 10, 2022. A customer was allegedly attacked by two bouncers and held in a choke hold after being kicked out of the bar.

Source: Law Daily Report (lawdailyreport.net)

Justice Department Microsoft Apple Antitrust Regulators Antitrust Case World's Most Valuable Company Google's Search Engine Antitrust Lawsuits Antitrust Lawsuit Antitrust Law

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

San Francisco sues Oakland over new airport name that includes 'San Francisco'San Francisco on Thursday sued Oakland after officials there voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, saying the change will cause confusion and is already affecting its airport financially.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

San Francisco sues Oakland over new airport name that includes 'San Francisco'SAN FRANCISCO (AP) — San Francisco on Thursday sued Oakland after officials there voted in favor of changing the name of the city’s airport to San Francisco ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Apple services restored after brief outages globallyIssues with Apple App Store, Apple TV+, Apple Music resolved after outages
Source: globeandmail - 🏆 5. / 92 Read more »

Don’t Smile: Adam Schiff’s Luggage Stolen from His Car in San FranciscoMeanwhile, 'burglary tourists' from Chile, Ecuador, Colombia, and Peru jet in to rob millionaire mansions throughout California.
Source: LegInsurrection - 🏆 3. / 95 Read more »

San Francisco’s Recovery From Covid Response Jeopardizes Its S&P Credit RatingMeanwhile, San Francisco threw a party for the opening of its new $1.7 million public restroom....showing if you are going to go down the drain, do so in style!
Source: LegInsurrection - 🏆 3. / 95 Read more »

Minority Stake in San Francisco Giants Targets Team at $4 Billion ValuationA small stake in the San Francisco Giants is for sale at a price that could value the team at about $4 billion, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »