Category: Director’s Take
Those who look forward to Apple (yet again) redefining the technological horizon, like it did with the iPhone, may need to temper their expectations. The US Department of Justice (DOJ) has taken an ill-conceived step with an antitrust lawsuit that, if successful, threatens to transform Apple from an industry maverick into just another phone maker. [...]
In their misguided attempts to foster competition and innovation, US and European regulators are forging shackles for the very engines that drive technological progress. The Department of Justice, Federal Trade Commission, and state attorneys general have launched numerous antitrust cases against Big Tech companies like Alphabet, Apple, and Meta, while the European Union has introduced [...]
Rumor has it the Open App Markets Act (OAMA) could make a comeback in Congress. Its supporters posit that large tech companies, such as Apple and Alphabet, are throttling competition and innovation. Yet these arguments run contrary to objective evidence. And the stakes are high—not only does OAMA-like legislation risk undoing Congressional efforts to address [...]
In the halls of the Federal Trade Commission (FTC) and across the Atlantic in the chambers of the European Commission (EC), not to mention within the borders of Florida and Texas, government officials seem to believe they are better suited than market forces to shape the futures of successful tech platforms like Amazon, Apple, Facebook, [...]
The traditional bastions of news media are facing a formidable challenge: protecting themselves from the very consumers they aim to serve. Confronted with the of loss of advertising revenue to tech giants like Alphabet and TikTok and the encroaching presence of artificial intelligence, the companies are looking to government for help. This is doomed to [...]