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Antitrust Cases: A Look At The Outcomes For Google, Amazon, And Meta Amidst Latest Lawsuit Against Apple
In a landmark move, the U.S. Justice Department has filed a significant antitrust lawsuit against Apple, underscoring the Biden administration's efforts to hold major tech players accountable under antitrust laws. This latest action adds to a series of legal challenges shaping the regulatory landscape for industry giants like Google, Amazon, and Meta.
According to the Department of Justice (DOJ) website, the Sherman Antitrust Act considers "agreements between competitors to fix prices or wages, rig bids, or allocate customers, workers, or markets" criminal violations. Apple was the final major tech giant that the federal government had not yet sued since the company was included in a comprehensive House report in 2020, which asserted that the iPhone maker, along with Meta, Google, and Amazon, held "monopoly power." The Department of Justice (DOJ) and several states have alleged in the ad-tech case that Google engaged in anticompetitive behavior by acquiring rivals through mergers and coercing publishers and advertisers into using its proprietary ad technology products.
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