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Every day, we are warned about the power of monopolies, and some concerns are justified. But a look at history confirms that monopolies do not tend to survive all that long.
Large companies such as Google, Amazon, Facebook, Microsoft, and Apple have come to be portrayed as the “enemy” all around the world. The paradox: Almost everyone uses their products and services, but hardly anyone likes the companies behind them. Some concerns are justified, especially regarding the political bias of a company such as Facebook. But most critics who call for stronger government regulation or for monopolies to be broken up tend to overlook the fact that monopoly market positions are not as durable as many people think.
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December 2020 was an extraordinary period in US antitrust law. On December 9, 2020, two cases one by the Federal Trade Commission and one by state attorneys general from almost every state were brought against Facebook. One week later, a group of states, led by Texas, brought a new case against Google. And the following day, states, led by Colorado, brought an additional suit against Google. That means Google is now facing three government cases, as the federal government and another group of states had filed an antitrust case against Google on October 20, 2020.
what he said. thanks, guys. i m sure you ll be back. it s time for anderson cooper and anderson cooper 360. thanks so much. breaking news in the michael jackson case, the first inside account of what happened in the jackson home when it became clear that something was terribly wrong. also tonight, a money battle in the making over the jackson estate. money trouble for dr. conray murray, revelations about his past, and more importantly new information about what could be his immediate legal future. at least one imagine arm, the feds tightening their focus. randi, what s the latest on a case that appears to be building against dr. murray? reporter: there has been some movement here, anderson. first, right away, a federal law enforcement officials is telling us, quote, dr. murray is the only one they are looking at. once again, that s from a federal source, saying they re only looking at dr. conrad murray. it s important to point out wet know other doctors records have