Thinking Differently: The unstoppable meets the immovable
Wayne Fitzgibbon | CAS Market Insights | 27 March 2024
Things have turned sour for Big Tech.
Last week, the EU issued non-compliance notices to Apple, Google, and Meta under the Digital Markets Act (DMA), a brilliant piece of legislation that pulls the rug from under the never-ending legal wrangling that allows firms to stall on paying fines for past anti-competitive actions. And, with almost perfect timing, the US Justice Department and more than a dozen states initiated anti-trust action against Apple for creating a monopoly in the smart phone market, allegedly keeping a “chokehold” on competition by locking customers i...