Google, Apple now threatened by the same U.S. antitrust laws they helped inspire

The article discusses how the U.S. antitrust laws that were originally inspired by the dominance of Standard Oil and AT&T in the early 20th century are now being applied to tech giants like Google and Apple. It highlights the irony that these companies, which were once seen as disruptors challenging monopolies, have now become the targets of antitrust scrutiny themselves due to their market dominance. The article examines the growing calls for regulating Big Tech, with lawmakers and regulators arguing that companies like Google and Apple have become too powerful and are stifling competition. It also explores the potential impact of antitrust actions, such as breaking up these companies or imposing restrictions on their business practices. The article suggests that the tech industry is facing a reckoning similar to what the oil and telecom industries experienced in the past, as regulators aim to promote competition and prevent the abuse of market power.

Source: https://abcnews.go.com/Politics/wireStory/google-apple-now-threatened-us-antitrust-laws-helped-109813579