The Fort Worth Press - After long peace, Big Tech faces US antitrust reckoning

USD -
AED 3.672501
AFN 64.504253
ALL 81.598713
AMD 359.67278
ANG 1.789785
AOA 917.999695
ARS 1538.2475
AUD 1.421262
AWG 1.8025
AZN 1.698959
BAM 1.758181
BBD 2.017808
BDT 124.280834
BGN 1.747831
BHD 0.378105
BIF 3005.600554
BMD 1
BND 1.283543
BOB 11.917476
BRL 5.351801
BSD 1.001892
BTN 95.226537
BWP 13.859348
BYN 2.947424
BYR 19600
BZD 2.014932
CAD 1.40315
CDF 2314.999777
CHF 0.829445
CLF 0.024924
CLP 984.130074
CNY 6.66835
CNH 6.66431
COP 3151.78
CRC 455.595609
CUC 1
CUP 24.044517
CVE 99.123517
CZK 21.882199
DJF 178.40785
DKK 6.71291
DOP 61.444278
DZD 135.331402
EGP 56.126301
ERN 15
ETB 162.972609
EUR 0.89818
FJD 2.244204
FKP 0.75114
GBP 0.75235
GEL 2.570501
GGP 0.75114
GHS 11.676555
GIP 0.75114
GMD 74.000233
GNF 8866.375106
GTQ 7.656419
GYD 209.942467
HKD 7.844915
HNL 26.89794
HRK 6.76901
HTG 131.239943
HUF 329.6745
IDR 18184
ILS 3.117425
IMP 0.75114
INR 95.141971
IQD 1518.788206
IRR 1856999.999859
ISK 122.279863
JEP 0.75114
JMD 159.404525
JOD 0.708973
JPY 157.907497
KES 129.940079
KGS 87.448605
KHR 4090.273689
KMF 441.000317
KPW 899.999961
KRW 1343.609796
KWD 0.311019
KYD 0.834862
KZT 457.910823
LAK 22548.645041
LBP 89716.422674
LKR 333.065143
LRD 170.315667
LSL 16.709083
LTL 2.95274
LVL 0.60489
LYD 6.436563
MAD 9.868303
MDL 18.093068
MGA 4560.450921
MKD 55.35329
MMK 2099.630718
MNT 3601.077836
MOP 8.095253
MRU 40.249373
MUR 47.56014
MVR 15.450191
MWK 1737.250425
MXN 18.64791
MYR 4.0766
MZN 63.909811
NAD 16.709008
NGN 1345.980222
NIO 36.866069
NOK 9.289795
NPR 152.363829
NZD 1.78115
OMR 0.384497
PAB 1.001888
PEN 3.451546
PGK 4.491231
PHP 63.968502
PKR 277.234306
PLN 3.956415
PYG 5828.864747
QAR 3.652104
RON 4.806201
RSD 105.564989
RUB 80.522822
RWF 1482.753351
SAR 3.750764
SBD 8.064647
SCR 13.702334
SDG 601.500338
SEK 9.93101
SGD 1.282035
SHP 0.749344
SLE 22.874983
SLL 20969.504398
SOS 572.550994
SRD 37.6505
STD 20697.981008
STN 22.02465
SVC 8.766631
SYP 13001.999685
SZL 16.701501
THB 33.7795
TJS 9.217057
TMT 3.5
TND 2.999551
TOP 2.40776
TRY 49.837993
TTD 6.800611
TWD 32.428499
TZS 2640.332993
UAH 45.735578
UGX 4393.203883
UYU 40.165228
UZS 11956.976101
VES 886.72915
VND 25856.5
VUV 118.98361
WST 2.767767
XAF 589.167476
XAG 0.018582
XAU 0.000246980356
XCD 2.70255
XCG 1.805556
XDR 0.707052
XOF 589.167476
XPF 107.209637
YER 236.149636
ZAR 16.65841
ZMK 9001.197509
ZMW 20.204154
ZWL 321.999592
SSP 5745.470209
MXV 2.102796
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

After long peace, Big Tech faces US antitrust reckoning
After long peace, Big Tech faces US antitrust reckoning / Photo: © AFP

After long peace, Big Tech faces US antitrust reckoning

After more than a decade of leaving Big Tech largely to itself, US antitrust enforcers have cranked up the heat, with several high-profile cases underway that could radically change the way the industry's giants do business.

Text size:

Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are moving forward against major US technology companies -- including two against Google that could see the company split up.

The most recent came in March against Apple by the FTC, which alleges the iPhone maker abuses its dominance of the premium smartphone sector.

Washington had largely remained silent on Big Tech cases since its wars with Microsoft that began in the 1990s and ended in a settlement in the early 2000s, after a bruising battle with the DOJ.

Inspired by moves in Europe and elsewhere, the new generation of cases allege that the practices of tech giants including Amazon and Meta stifle competition, harm consumers, and warrant significant changes in business operations.

The cases are on different timelines, before different federal judges and are based on a wide variety of allegations. With appeals, the lawsuits could drag on as long as a decade.

The first case in the campaign, launched in 2020 against Google over its search engine, could have an initial decision as early as the end of this year.

In the second Google case, also brought by the DOJ, the company is targeted for its dominance of the digital advertising sector. Amazon and Meta meanwhile face cases with the FTC.

The suits have drawn applause from lawmakers, with frustration over the power of big tech companies running high with the public.

But many in the business community and legal profession have balked, seeing the lawsuits as legally thin or politically motivated.

The heads of the FTC and the DOJ's antitrust section adamantly stand by their cases, seeing their mission as a means to protect consumers.

"It's always good to kind of look at the actual facts rather than go off of the vibes," FTC chair Lina Khan told a conference in Washington, organized by the American Bar Association, in response to her critics.

"We're really addressing the pain points that affect people's lives including health care and digital (tech), but way, way beyond that," she said.

Instead of getting bogged down in legal theory, Khan said the FTC's cases were "fit for purpose in the year 2024."

"That means... not relying on outdated assumptions and theories that are clearly contravened with what we're seeing with our own eyes," she added.

- Legally creative? -

In an informal survey of 19 top antitrust scholars by University of Michigan Law professor Daniel Crane, a majority of respondents believed the cases would be difficult to prosecute.

"Gathering the overall sense, it's fair to say that there is an expectation that more of the cases will lose than win," Crane wrote, with the Google cases seen as the government's strongest and Amazon as the weakest.

Khan's critics point to widespread opinions in the legal community that the Biden administration's cases walk on thin legal ground.

"I'm kind of exasperated by these lawsuits, because they seem highly motivated, rather than based on sober legal and economic analysis," said Michael Santoro, a professor of management at Santa Clara University, who was not part of the survey.

A senior executive from a tech giant, on condition of anonymity, said that "ultimately they are turning antitrust law upside down."

Speaking in Washington with her US counterparts, the EU's competition czar Margrethe Vestager said she wished she had been more on the offensive in her earlier antitrust decisions.

"If I were to redo it, I would have been bolder, because we don't have a lot of time. Concentration is increasing in every jurisdiction," she said.

Vestager, in office for almost a decade, has pursued her own wave of cases against tech companies that have been accused of being far-fetched or legally creative.

In its latest tech-related decision, last month the EU hit Apple with a 1.8-billion-euro fine ($1.9 billion) for preventing music streaming services from offering subscription options outside of its App Store.

G.George--TFWP