Google is in the hottest of hot seats as the antitrust spotlight intensifies on Big Tech, with multiple actions expected to come to a head in 2022.
Google parent Alphabet Inc. GOOGL, -0.53% GOOG, -0.40% is in the hottest of hot seats as the antitrust spotlight intensifies on Big Tech, with multiple actions expected to come to a head in 2022.
Wilson White, Google’s senior director of public policy, argued such litigation “completely ignores the competition we face from other platforms, such as Apple’s incredibly successful App Store, which accounts for the majority of mobile app-store revenues according to third-party estimates.” A bipartisan bill from Sens. Richard Blumenthal, D-Conn., Marsha Blackburn, R-Tenn., and Amy Klobuchar, D-Minn., called the Open App Markets Act, will “tear down coercive anticompetitive walls in the app economy, giving consumers more choices and smaller startup tech companies a fighting chance,” Blumenthal said.
Recent updates to the Digital Markets Act and Digital Services Act , which could be adopted by mid-2022, would force Google, Apple and others to better police content on their platforms and to boost digital competition. Violators could face fines of up to 10% of their global revenue.
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