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After long peace, Big Tech faces US antitrust reckoning

Economic Times

Economic Times · 1y ago

After long peace, Big Tech faces US antitrust reckoning

US antitrust enforcers are intensifying their efforts against Big Tech with several high-profile cases underway that could bring significant changes to the industry. Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are progressing against major US technology companies, such as Google, Apple, Amazon, and Meta. The cases allege anticompetitive practices and aim to protect consumers. While some applaud the lawsuits, others question their legal basis and believe they may be politically motivated. Similar actions have been taken in Europe by Margrethe Vestager, the European Union's competition czar.

Related News

Antitrust crackdown looms over Big Tech: Apple, Google break-up orders likely

Livemint

Livemint · 1y ago

Antitrust crackdown looms over Big Tech: Apple, Google break-up orders likely

Antitrust regulators are increasing their scrutiny of Big Tech companies such as Apple and Google, raising the possibility of break-up orders. Antitrust probes have been initiated by the European Union and the United States, presenting the biggest challenge to Big Tech since AT&T's breakup in 1984. Companies like Google and Apple are facing accusations of creating barriers that hinder competition. The US Department of Justice warned Apple of a potential break-up, while European regulators may force Google to divest its ad tech business. However, the implementation of break-up orders faces legal complexities and challenges.

Google to be hit with EU charges of breaching Big Tech rules, sources say

Economic Times

Economic Times · 10m ago

Google to be hit with EU charges of breaching Big Tech rules, sources say

Alphabet's Google faces EU charges over breaching Big Tech rules, as its search results changes failed to ease EU antitrust concerns. The European Commission's move follows tensions with the US, amid investigations into Google potentially favoring its services over rivals, violating the Digital Markets Act (DMA). Despite proposed changes by Google, EU regulators remain dissatisfied, with charges expected soon alongside ongoing probes into Apple and Meta.

Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

Economic Times

Economic Times · 8m ago

Meta faces historic antitrust trial that could force it to break off Instagram, WhatsApp

Meta Platforms Inc. faces a historic antitrust trial that could force it to separate Instagram and WhatsApp, accusing it of maintaining an illegal monopoly. The trial challenges Meta's acquisition strategy under antitrust scrutiny, arguing it hindered competition. While Meta contests the narrow market definition used by the FTC, the trial's outcome could significantly impact Meta's business, particularly its advertising revenues, and test the FTC's ability to regulate big tech in dynamic markets.

Google triumphs on the Nobel stage as tough antitrust fight looms

Economic Times

Economic Times · 1y ago

Google triumphs on the Nobel stage as tough antitrust fight looms

- Google's CEO of artificial intelligence lab and one of its scientists received the Nobel Prize in chemistry for their efforts in using AI to fight disease and understand the human body. - The Nobel wins highlight the growing role of AI in various scientific fields and showcase Silicon Valley's influence in science and the economy. - Despite the achievements, Google faces concerns over antitrust regulations that could affect its long-term projects and commercial success. - Regulators are raising concerns about the implications of AI development and the potential for tech companies to use their power to control the AI market. - The Justice Department is pursuing multiple antitrust cases against Google and other big tech companies, such as Apple, Meta, and Amazon. - Researchers and experts emphasize the importance of responsible AI development and the need to address the potential risks and implications of AI systems.

EU trade chief stalls Google fine after Trump threats - The Economic Times

Economic Times

Economic Times · 3m ago

EU trade chief stalls Google fine after Trump threats - The Economic Times

The EU's trade chief, Maros Sefcovic, paused plans to fine Google amid fears of US retaliation, following threats from the Trump administration over regulations targeting US tech giants. While Sefcovic supports the antitrust probe into Google, he emphasized the need for thorough assessment and collegial decision-making. The EU has been investigating Google since 2021 for alleged abuse in the advertising market. Meanwhile, Google faces another antitrust challenge in the US over its online search monopoly.

Google aims to dodge breakup of ad business as antitrust trial wraps - The Economic Times

Economic Times

Economic Times · 1m ago

Google aims to dodge breakup of ad business as antitrust trial wraps - The Economic Times

Google is making a final plea to avoid a breakup of its ad technology business in a U.S. court, as the Department of Justice's antitrust trial concludes. Previously, Google has faced minimal impact from governmental efforts to curb Big Tech's dominance. The DOJ and several states demand Google sell its ad exchange, AdX, to restore competition. While Google argues this would hurt customers, the case faces potential appeals, with implications for other tech giants like Meta, Amazon, and Apple.

Google makes new proposal to stave off EU antitrust fine, document shows - The Economic Times

Economic Times

Economic Times · 5m ago

Google makes new proposal to stave off EU antitrust fine, document shows - The Economic Times

The US tech giant has been under pressure after being hit in March with European Union antitrust charges of unfairly favouring its own services such as Google Shopping, Google Hotels and Google Flights over competitors.

ETtech Explainer: Google’s second big antitrust trial in US

Economic Times

Economic Times · 1y ago

ETtech Explainer: Google’s second big antitrust trial in US

The US Department of Justice (DoJ) is set to face Google in its second major antitrust trial, focused on the tech giant's monetization strategies for advertising. The DoJ argues that Google's practices are unfairly harming the industry. This trial is part of a broader push by President Biden's administration to regulate Big Tech using antitrust laws. The case follows a recent ruling that found Google had illegally monopolized online search. The trial will center on Google's adtech business, which accounts for the majority of its revenue, and the DoJ's claims that the company has engaged in monopolistic behavior.

Google keeps Chrome and Apple deal but must share data in big antitrust ruling - The Economic Times

Economic Times

Economic Times · 3m ago

Google keeps Chrome and Apple deal but must share data in big antitrust ruling - The Economic Times

A U.S. judge ruled that Google can keep Chrome and Android but must share its search data with rivals to foster competition. The decision is part of a broader antitrust movement against Big Tech aiming to reduce monopolistic practices and increase consumer choice. This ruling, stemming from a long legal battle, also involves Google making payments to Apple and potentially impacts AI companies, spotlighting AI's growing threat to Google's dominance in online search.

EU antitrust chief Vestager to hold press conference, big tech likely in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Vestager to hold press conference, big tech likely in focus

EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference to announce investigations into potential breaches of the Digital Markets Act (DMA) by Big Tech companies.

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