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And then those breakthroughs sometimes serve as the building blocks for new monopolies that must eventually be challenged by regulators, even as fallen empires like Microsoft can still find ways to reinvent themselves. “It’s not about an agenda about trying to pursue and destroy companies,...
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They are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers and rich and predatory money lenders." Chairman Louis T. McFadden, House Banking and Currency Committee, June 10, 1932. Federal Reserve is not ...
revenue from preneed funeral and cemetery sales. SCI has funeral properties in 43 states, 8 Canadian provinces, and select parts of Germany. However, their acquisition of Stewart Enterprises has led to them selling off and consolidating properties in some states to comply with the monopolies ...
Yet Senator Amy Klobuchar argued Thursday that taking on Big Tech is vitally important, too. "What this is about, at its core, is monopolies," she told the hearing. "We have to look at this differently than just start-up companies in a garage. That's not what they are anymore." ...
But it's also a tableau that antitrust experts cite as evidence that the system is working to unlock more robust competition that hatches innovations. And then those breakthroughs sometimes serve as the building blocks for new monopolies that must eventually b...
"Though Apple has taken some small steps to respond to criticism of its anti-competitive conduct, they did not go nearly far enough," KlobuchartoldBloomberg. "There is growing momentum to pass the Open App Markets Act to finally address Apple and Google's twin monopolies, and I will c...
In January, Biden's Department of Justice launched a separate case against Google involving its advertising business and this could go to trial next year. The company also faces other lawsuits from US states that accuse it of abusing monopolies in ad tech and for blocking competition in its Goo...
The last comparable antitrust lawsuit was filed againstMicrosoftin 1998. "Back then, Google claimed Microsoft's practices were anti-competitive, and yet, now, Google deploys the same playbook to sustain its own monopolies," the US Department of Justice claims in i...