What does 'antitrust' mean? Why 'trust-busting' laws are important - Business Insider

against IBM, the New York-based tech firm whose computer market dominance put it on the government's radar. However, the case was thrown out.to divide phone service goliath AT&T, or "Ma Bell," into eight different companies, or "Baby Bells."as Internet Explorer began to dominate the internet browser market by bundling its browser with Windows software, making it difficult for Windows users to install and run competing browsers.

, something much harder to do when it comes to big tech. Take the example of a search engine like Google dominating. When Standard Oil controlled the marketplace, consumers had only one option for where to buy. Google, meanwhile, wins because consumers mainly choose to use Google. Consumers aren't being harmed – but other companies that want to compete against Google arguably are.

At a House Judiciary Committee hearing with Google CEO Sundar Pichai testifying, policy attorney Ian Madrigal is also Monopoly Man who photo bombs high profile congressional hearings on Capitol Hill in Washington, DC on Tuesday December 11, 2018.As a direct result of the July 29 hearing, almost nothing. This isn't a trial, and no one will be found guilty.

The leaders of the "big four" tech companies attempted to make their case as to why they aren't infringing on the competition. Their answers helped inform the subcommittee's ongoing investigation, which could eventually lead to more specific legislation designed to keep tech companies from growing too large and powerful — just like how the three original antitrust laws began reining in big oil and big railroad over 100 years ago.

A bit too late, big tech companies have influence on everything, even politics. And companies like Apple and Google are okay with paying some fines years later after absorbing or destroying smaller startups.

BurggrabenH Unfortunately, anti-trust has taken on a much more strategic global perspective. Nation level anti-trust, in tech, is considered a necessary evil in return for having domestic top tier global technology leaders. See US disruption of EU antitrust efforts against FAANG.

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