I don't know much about #antitrust but I DO know that my #Iphone 11 can't load many, many apps because I can't upgrade its IOS operating system. 5 years old and if I want to load the apps I need to buy another Iphone. So, yes, that's a problem.
The lawsuit caps years of regulatory scrutiny of Apple’s wildly popular suite of devices and services, which have fueled its growth into a nearly $3 trillion public company.
US DOJ alleges #Apple is a monopoly engaged in uncompetitive behavior and sues under the Anti-Trust Act. This is some serious sh*t - following on the heels of the EU and other suits. Hear the Attorney General break it down on this short video… #Antitrust#DOJ#monopoly
My guess is that, like me, a lot of #Apple (ex-)employees have known that the #antitrust lawsuits were just a matter of time. I don’t think Apple did anything as blatantly illegal as 90’s Microsoft giving Windows license discounts to OEMs that didn’t pre-install Netscape, but it’s certainly been arrogant and careless in various ways.
I hope against hope that Apple seizes the opportunity to find a path forward that truly benefits users and partners.
One of the world's richest companies is now under fire from the #UnitedStates govt. #Justice & 16 states filed a #lawsuit against the Silicon Valley giant on Thurs, accusing the company of abusing its #power as a #monopoly to edge out rivals & ensure customers keep using its products.
The lawsuit centers around claims that #Apple stopped smaller companies from accessing the #hardware & #software in its #iPhones, which led to fewer options for #consumers.
Apple is worth ~$3T, making it one of the highest valued cos in the world. & its iPhone is one of the most popular phones on earth, dominating the global #market, acc/to market analyst firm IDC. The #DOJ alleges it's by no coincidence that Apple was able to ensure its place at the top.
The U.S. Department of Justice on Thursday sued Apple, the first major antitrust effort against the iPhone maker by the Biden administration, alleging it monopolized smartphone markets.
FTC head Lina Khan is fighting for an anti-monopoly America
Charged with enforcing #antitrust law and promoting #consumer#protection, the #FTC is nominally the regulator charged with stopping deals that will harm consumers.
But under successive administrations – Republican and Democratic – some critics charge the FTC stood by as industry after industry consolidated power in the hands of fewer and fewer companies.
All that changed under Joe #Biden, who has consistently attacked the monopolization of US business.
#Lina#Khan is his most high-profile warrior.
She has redefined the battlefield in such a sweeping manner that some argue there is no going back no matter who wins 2024’s election.
But tough talk is just that – talk. Drawing a line under an era of light-touch antitrust enforcement has proven easier said than done.
Last week the FTC sued to block #Kroger’s $24.6bn takeover of rival grocer #Albertsons.
If approved, the agency warned, the U.S.’s largest-ever supermarket merger would raise prices for millions of shoppers.
Kroger and Albertsons would collectively have over 5,000 stores and 700,000 employees across 48 states, according to the FTC, which claimed an executive involved in the deal had conceded it was “basically creating a monopoly”.
U.S. Sues Apple, Accusing It of Maintaining an iPhone Monopoly (www.nytimes.com)
The lawsuit caps years of regulatory scrutiny of Apple’s wildly popular suite of devices and services, which have fueled its growth into a nearly $3 trillion public company.
DOJ sues Apple over iPhone monopoly in landmark antitrust case (www.cnbc.com)
Apple and its iPhone and App Store business have been eyed by the Department of Justice, which previously filed antitrust suits against Google.