With looming decision in Epic antitrust trial, legislation aimed at app stores and large app developers attacking Apple at every turn, iPhone maker has a tough road ahead:
A decision in a landmark antitrust legal case could come by the end of the month, but that is far from the only concern bearing down on Apple Inc.
“We are at an inflection point, based on the president’s executive order on competitiveness, federal appointments, actions by European regulators, U.S. legislation and investigations, and private lawsuits,” Joel Mitnick, an antitrust expert and former FTC trial lawyer, told MarketWatch. “It is unlikely we come out of this period without some substantial changes.”
The Blumenthal-led bill is the latest in both houses of Congress to take on Big Tech. A package of bills from Rep. David Cicilline, D-R.I., could come up for a full House vote later this year as Cicilline, chairman of the Subcommittee on Antitrust, Commercial and Administrative Law, negotiates with California House members to gain their support for legislation that will affect some of the state’s largest companies — Apple, Alphabet, and Facebook.In the Senate, separate legislation led by Sen.
The push for legislation mirrors political and consumer pressure to more closely oversee the so-called GAFA of Big Tech — Google, Apple, Facebook, Amazon —whose power has expanded during the pandemic. The collective market value of the four companies is nearly $7 trillion.
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