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Breaking: Justice Department Sues Apple Over Alleged Monopolistic Practices
Published March 21, 2024 at 3:01 PM
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March 21, 2024 (3:01 PM)
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Mike BouchardMarch 21, 2024 (3:01 PM)
The US Justice Department, along with several states, filed a major antitrust lawsuit against Apple, alleging illegal monopolization of the smartphone market.
This marks a significant escalation in the government's crackdown on Big Tech. Attorney General Merrick Garland stated that Apple's dominance wasn't just due to merit but also involved antitrust violations.The lawsuit targets various practices, including restrictive app store terms and high fees, which critics argue stifle competition and innovation. Apple denied the allegations, asserting that the lawsuit could hinder its ability to innovate and provide consumer-friendly technology.
The DOJ seeks remedies to change Apple's business model, including barring restrictive app store practices and preventing further entrenchment of its alleged monopoly.
The lawsuit represents a broader effort to hold Big Tech accountable and could have far-reaching implications for the digital economy.
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