Lack of antitrust laws for large tech companie such as apple,

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The top 5 largest companies based on their market capitalization are Apple (2.368 T), Microsoft (2.215 T), alphabet (google 1.857 T), Amazon (1.672 T), and Facebook (928 B).   Combining these five companies makes up roughly 38% of the S&P 500, one of the most popular market indexes. Not surprisingly, every one of these companies are in the high-flying tech industry. In addition, these companies are currently or have been in a lawsuit regarding business practices that violate antitrust regulations. Antitrust regulations are laws developed and enforced by the government to protect the consumer from business practices deemed predatory while ensuring a fair marketplace.

It is known that antitrust laws are essential to restrict a dominant firm from forming a monopoly in their marketplace, but have you ever thought if there are enough antitrust regulations for large tech companies?

Some firms believe that having antitrust regulation can cause more harm than benefit due to these laws restricting companies from innovation or becoming more effective. Large tech companies are powerful enough to lobby for deregulation laws; however, we believe that must come to an end and have effective antitrust laws in place to restrict these companies from capturing further market share.

– Please write the Body Section (3 paragraphs of 6 sentences each)

Who is affected/How are they affected?

1. Examples

2. Stories

3. Facts

You can use some of the sources attached for the references.

Sources:

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Fontana, J. (2004). Microsoft puts anti-trust issues behind it. Network World, 21(46), 14. Retrieved from


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Hazlett, T., Litan, R., & Rockefeller, E. (2000). Legal and economic aspects of the microsoft case: Antitrust in the information age. Business Economics, 35(2), 45-53. Retrieved from


https://www.proquest.com/scholarly-journals/legal-economic-aspects-microsoft-case-antitrust/docview/199841093/se-2?accountid=10901

President Trump & attorney general sessions lack support for breaking up tech, new NetChoice survey finds: Just 5% of Americans want antitrust focus on tech. (2018, Sep 25). PR Newswire Retrieved from


https://www.proquest.com/wire-feeds/president-trump-amp-attorney-general-sessions/docview/2111716058/se-2?accountid=10901

Hough, J. (2020). Scott Galloway on TikTok and big tech’s antitrust reckoning. Barron’s (Online), Retrieved from


https://www.proquest.com/trade-journals/scott-galloway-on-tiktok-big-techs-antitrust/docview/2433342646/se-2?accountid=10901

Pop, V. (2019, Sep 02). No relief for big tech under new EU leadership; incoming EU commission president plans new laws on artificial intelligence and the use of big data as earlier investigations by the bloc’s antitrust enforcer continue. Wall Street Journal (Online) Retrieved from


https://www.proquest.com/newspapers/no-relief-big-tech-under-new-eu-leadership/docview/2283101974/se-2?accountid=10901

Stacey, K., Shubber, K., & Murphy, H. (2019). Which antitrust investigations should big tech worry about? FT.Com, Retrieved from


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Southfield. (2020). US Unlikely To Copy EU’s Antitrust Charge Against Amazon — Antitrust Lawyer. Benzinga Newswires, Retrieve from



https://www.proquest.com/abicomplete/docview/2412276428/89D31F0D0C7E4FB5PQ/31?accountid=10901

Kang, C., Streitfeld, D. & Karni, A. (2019). Antitrust troubles snowball for tech giants as lawmakers join in.


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Gilbert, B. (2021, May 03). Apple and the maker of ‘fortnite’ are facing off in an epic legal battle. here’s what the companies are fighting about and what to expect in the courtroom. Business Insider Retrieved from


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Jamison, M. (2019). Buttigieg, Sprint/T-mobile, and spotify vs. apple show why old-school antitrust doesn’t work for tech. Washington: American Enterprise Institute for Public Policy Research. Retrieved from


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“Clayton Antitrust Act.” American Decades, edited by Judith S. Baughman, et al., Gale, 2003. Gale eBooks,


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Weiser, Philip J. “The relationship of antitrust and regulation in a deregulatory era.” Antitrust Bulletin, vol. 50, no. 4, winter 2005, pp. 549+.



https://go.gale.com/ps/i.do?p=AONE&u=miam11506&v=2.1&it=r&id=GALE%7CA147793528&inPS=true&linkSource=interlink&sid=bookmark-AONE

Shelanski, Howard. “Antitrust and Deregulation.” Yale Law Journal, vol. 127, no. 7, May 2018, pp. 1922+



https://go.gale.com/ps/i.do?p=AONE&u=miam11506&id=GALE%7CA543612868&v=2.1&it=r

Kehoe, L. (1998, Jul 14). Intel denies monopoly charge: Chipmaker hits back at antitrust claims: [USA edition]. Financial Times Retrieved from


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Baker, G., & Spiegel, P. (2002, May 01). Profit and loss: Popular sentiment in the US has turned against the excesses of big business. but corporations are managing to resist a tough legislative response, say gerard baker and peter spiegel: [london edition]. Financial Times Retrieved from


https://www.proquest.com/newspapers/profit-loss-popular-sentiment-us-has-turned/docview/248255779/se-2?accountid=10901

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