The tech antitrust renaissance may already be over

The tech antitrust renaissance may already be over

In recent years, the call to “Break Up Big Tech” has gained traction in Washington, resonating in campaign messages and congressional discussions. Although legislative momentum has slowed, the Department of Justice (DOJ) and Federal Trade Commission (FTC) continue to pursue aggressive antitrust enforcement. President Biden’s administration appointed Lina Khan, known for her critical views on tech monopolies, to lead the FTC. This has led to a series of legal actions against major tech companies, including Google, Meta, Amazon, and Apple.

The DOJ recently reported successes in its antitrust cases against Google, although a recent ruling by Judge Amit Mehta has raised questions. Despite labeling Google an illegal monopolist, Mehta approved only limited remedies proposed by the DOJ, rejecting significant measures such as the sale of Google’s Chrome browser. This ruling marks the first instance of action taken on remedies in the ongoing antitrust efforts against tech companies.

Moving forward, another case in Virginia will address the ad tech market, where Google is also accused of monopolistic behavior. Although a breakup of the company remains a possibility, the recent ruling indicates potential difficulties in enforcing substantial changes within the industry.

The swift evolution of technology, particularly in the area of generative AI, has complicated the landscape for antitrust enforcement. Judge Mehta cited the rise of AI as a factor in modifying his approach, suggesting that the potential for market disruption from these new technologies influenced his decision not to impose stricter remedies.

The reactions to the ruling have been mixed. While some advocacy groups view it as a failure to protect competition, others within the tech sector, including Google, expressed relief at avoiding harsher penalties. These developments have led to calls for further action from Congress to enhance regulations concerning large tech companies and their competitive practices.

Source: https://www.theverge.com/policy/771409/break-up-big-tech-movement-google-search-remedies-ruling

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