Google and Apple now threatened by U.S. antitrust laws that helped build their technology empires

in their attempts to crack down on Google and Apple .

Although regulators have lodged separate complaints against Google and Apple, the two cases are shadowed by Microsoft’s legal saga that began when both those were mere specks on the technology landscape. 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.

Earlier this year, Microsoft’s market value hit $3 trillion for the first time, surpassing Apple as the world’s most valuable company while taking the early lead in artificial intelligence technology that’s expected to reshape the world. “It’s not about an agenda about trying to pursue and destroy companies, it’s about trying to restore competition in a market,” said Rebecca Haw Allensworth, a Vanderbilt University law professor who focuses on antitrust law issues.

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.

Microsoft Google Case Company Iphone World Competition Steve Ballmer The Justice Department Satya Nadella

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.

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

Google and Apple now threatened by the US antitrust laws helped build their technology empiresSAN FRANCISCO (AP) — The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ukraine Asks Apple, Google to Cooperate in Crackdown on Military GamblingUkrainian President Volodymyr Zelenskiy has banned gambling in the country’s military on concerns that it’s sapping morale and posing a security risk in the fight against Russia’s invasion.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

App store, Apple Music and other Apple services downMultiple Apple services, including the App Store, Apple TV+ and Apple Music, were down on Wednesday for users in the United States, according to the company's status page.
Source: CTVNews - 🏆 1. / 99 Read more »

Microsoft Concern About Google’s Lead Drove Investment in OpenAIMicrosoft Corp.’s motivation for investing heavily and partnering with OpenAI came from a sense of falling badly behind Google, according to an internal email released Tuesday as part of the Justice Department’s antitrust case against the search giant.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Justice Hogue to deliver interim inquiry report May 3The Hill Times
Source: TheHillTimes - 🏆 11. / 79 Read more »