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It's funny to see tribal reactions to these news. Apple and other large tech companies have obviously arrived at a dominant position that would trigger these s
by 627467 6y ago
It's funny to see tribal reactions to these news.
Apple and other large tech companies have obviously arrived at a dominant position that would trigger these sort of investigations. You could say it's an attack on their success, and it is ironic that: success obviously has to do with it.
What apple and other tech companies have are not natural monopolies so it's not always easy for everyone to understand why anyone could claim they wield monopolistic powers.
But the point of these "platform businesses" is and has always been about gaining quasi-monopolistic strength so you can extract value from the margins of everyone involved in the platform ecosystem.
Is a monopoly illegal or necessarily undesirable to society? It depends on how society sees and regulates it. Depends on what society interprets as a NET win or net loss to itself.
And I can definitely think of several aspects of this state of affairs (handful of platforms sitting at nodes of large chunk of digital economy) that present as triggers for society to question the value of the ongoing monopolistic powers of these companies.
But if anything is to be taken from Google's case with EU, Apple will just pay a headline-grabbing fine and continue doing whatever they are doing.