Latest actions target some of the core practices that have helped the biggest companies consolidate their power
As far as the stock market is concerned, attempts by competition regulators to restrain the power of big tech have invariably been a case of too little, too late. That was evident again this week as Microsoft and Apple came under fire from a European Commission armed with new and more draconian regulatory powers. Both companies’ shares flirted with record highs as investors displayed their usual, sanguine response.
Microsoft’s use of bundling, for instance, has long been one of its most powerful business weapons, while Apple’s App Store restrictions on developers have cemented the power of its mobile platform. Other investigations announced earlier this year under the new DMA targets other core practices, including Google’s ability to direct search engine users to its other in-house services .
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