Only six companies trade above trillion-dollar valuations. Five are US tech companies. Global regulators cast these tech giants as modern-day versions of railroad and oil monopolies. Multiple antitrust cases have been filed. Even ahead of rulings, scrutiny is changing the way Big Tech operates.
In the US, the Department of Justice has filed two antitrust lawsuits against Google, one focusing on search, the other on digital advertising. It may soon file a case against Apple. The Federal Trade Commission accused Meta of suppressing social media competition by buying WhatsApp and Instagram and alleges that Amazon’s online retail store is an illegal monopoly.
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