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Searched Tag: us justice department

In a striking parallel to the epic antitrust clash that reshaped the tech landscape in the late 1990s, the U.S. Justice Department is waging a two-front assault on Google's search dominance and Apple's iPhone hegemony.

Google and apple find themselves in regulatory crosshairs

May 1, 2024, 03:49 PM - 2 min read

The Justice Department contends that Google has morphed its search engine into an illegal monopoly, stifling competition and innovation. Meanwhile, the case against Apple, though still in its nascent stages, accuses the company of leveraging its iPhone as an illegal monopoly.

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Apple inc. is facing heavy losses after being sued by the US department of Justice.

US Justice Department sues Apple, alleging illegal monopolisation of smartphone market

March 22, 2024, 09:43 AM - 2 min read

The company's shares experienced a significant decline of 4.1 percent on March 21, resulting in the loss of approximately US$113 billion (S$151.8 billion) in market value.

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