Facing a potential stalemate, U.S. lawmakers House Judiciary Committee Chairman Jerrold Nadler (D., N.Y.) and Rep. David Cicilline (D., R.I.), the chairman of that panel’s antitrust subcommittee, ramped up their push for a vote Tuesday on antitrust legislation.
Ryan Tracy for The Wall Street Journal:
The lawmakers released documents gathered in an investigation that concluded in 2020 of Amazon.com Inc., Alphabet Inc.’s Google, Meta Platforms Inc. and Apple Inc., which they said show anticompetitive behavior by the companies.
The bill banning self-preferencing has been approved by the House committee and its Senate counterpart, but hasn’t received a vote on the floor of either chamber. Another bill under consideration would target Apple and Google’s smartphone app stores.
Supporters’ lobbying of late has targeted Senate Majority Leader Chuck Schumer (D., N.Y.), who controls the Senate calendar.
Fight for the Future, an advocacy group that supports the legislation, says it has been paying a truck to drive past Mr. Schumer’s residence displaying a video billboard that calls on him to hold a vote… The Democratic leader hasn’t publicly committed to holding a vote, though the legislation’s primary Senate backer, Amy Klobuchar (D., Minn.) has said Mr. Schumer promised her he would call one.
The Senate is scheduled to begin its summer recess the week of Aug. 8, and major legislation is expected to become harder to pass in the fall, when campaigning ramps up ahead of the November election.
MacDailyNews Take: Again, Apple should not be lumped in with the likes of Alphabet/Google which actually does have a monopoly (which is legal, by the way) and is may or may not be abusing it (which is subject to any antitrust reform remedies).
The fact is that Apple has no monopoly in smartphones, or in any other market, so Apple is incapable of committing monopoly abuse.
Worldwide smartphone OS market share, June 2022:
• Android: 72.12%
• iOS: 27.22%
Worldwide desktop OS market share, June 2022:
• Windows: 76.33%
• macOS: 14.64%
I don’t think anybody reasonable is going to come to the conclusion that Apple is a monopoly. Our share is much more modest. We don’t have a dominant position in any market… We are not a monopoly. — Apple CEO Tim Cook, June 2019
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A responsible adult would vote “no” since it is being rushed for some reason/agenda. …I guess I’ll never be a senator or congressman.
Politic is not for an honest people, but look at Nancy Pelosi 33 years serves in congress who becomes filthy rich with inside trading. Paul Pelosi handles all the tradings with her inside informations. Such a team works of husband and wife.
Look at Biden’s 50 years in Congress. Same MO, always worked for the government on a $175,000 yearly and now a multi MILLIONAIRE…
Boy you are truly demented.
Do some real simple math, genius. Take a $175k salary and for simplicity, assume 50% went to taxes and cost of living. multiply times 50 years.
175000 x .5 x 50 = $4375000
That assumes your data is correct (doubtful) and ignores the reality that Biden invested well and married well. He’d have multiple times this crude estimate if he put a tiny part of his salary into AAPL. He released his tax returns so you could audit exactly how he earns his money.
Can’t say the same for your griftin’ orange idol, can we?
Stop being so bitter, nasty, partisan, and clueless.
WOW!
The truly demented provocateur Communist/Socialist/DemoNcRAT hack has posted another propaganda piece.
Here’s some advice for you: “Stop being so bitter, nasty, partisan, and clueless.” — From your own quote, which shows that, as do all of your ilk, you accuse the other side of the crap that you are really trying to pull off against the rest of us. LMFAO! You are truly a dupe.
It takes a special kind of MDN idjut to rally to poor mathematically challenged goeb with such tripe. Do any of you rabid haters know math?
A responsible representative would hire staff with expertise in the subject to thoroughly evaluate the bill, evaluate and project impacts on all parties, craft legal language to benefit the greatest number of individual constituents, close their door to corporate lobbyists, then discuss it and collaboratively improve it in committee, then bring it to a house vote. A responsive senate, unlike the obstructionist donothing dunderheads holding up everything now, would get on with a timely review and vote as well.
If you think this bill moved too fast for you, then you’re slower than molasses in January. This site is stupid to object to better legislative oversight of Big Tech including Apple.
Since when is a (successful) company ever NOT “self-preferencing”…on which the bill claims to be the focus?
No, I’m starting a company for everyone else, in fact, my products, services AND the profit is for those outside the company. You can call me lu-lu, if you like.
They should use the word “railroaded” (forced, manipulated, lied-to) to determine if a company infringes on anti-competitive behavior.