Yes thanks god for the DOJ, this is long over due and will open an new era of innovation and startup ecosystems. Just like when BELL was split apart.
Facebook should be next.
Facebook should be next.
Feeling that it was about to lose the suit, AT&T proposed an alternative: its breakup. It proposed that it retain control of Western Electric, Yellow Pages, the Bell trademark, Bell Labs, and AT&T Long Distance. It also proposed that it be freed from a 1956 antitrust consent decree, then administered by Judge Vincent P. Biunno in the United States District Court for the District of New Jersey, that barred it from participating in the general sale of computers.[4] In return, it proposed to give up ownership of the local operating companies. This last concession, it argued, would achieve the Government's goal of creating competition in supplying telephone equipment and supplies to the operative companies. The settlement was finalized on January 8, 1982, with some changes ordered by the decree court: the regional holding companies got the Bell trademark, Yellow Pages, and about half of Bell Labs.
Two, it's hard to get the exact cause-and-effect, but clearly the breakup coincides with a period of extreme telecommunications flourishing. Maybe it would have happened anyway, but it clearly didn't hurt on the telcom side.
That can't be repeated too often either. Hopefully, next Amazon and others....
https://en.m.wikipedia.org/wiki/List_of_mergers_and_acquisit...
I like watching actual movies and documentaries and I already have Prime, which has much more of those. Which raises a question about Amazon and antitrust...
Probably a fringe performer but they see big enough potential to run nation wide TV ads for something with very limited adoption.
The funny thing is that it addresses the one silly/paradoxical anti-competitive use of anti-trust claiming it is monopoly for a cross competitor to introduce new competition into a market because there are multiple involved in it means it is hardly a unique situation given there are at least four tech into finace crossover attempts.
Google on the other hand, well I don't know about any legit compeitor in the web search field. They do have a quais duo-poly for ads together with facebook IMHO. Not saying they have to split up, but I'd expec Google to have a much harder time argueing against anti-trust charges.
And strangely enough, I don't think that this is in any way a political stunt or politically motivated. The investigations are going for quite a while now already.
I don't know that the legal case against Amazon is quite as clear cut though. Facebook, on the other hand...
Seriously what is with that talking point and how the hell did it get people conditioned to accept that novel nonsensical standard as "the way things should be"?
It is like an algorithim was run on random complaints against Amazon after it was told to filter on "item arrived broken" after it kept just spitting out the least helpful 1 star reviews.
It is absolutely true so, that AWS is Amazon's cash cow making all the rest possible. And the rest is driving Amazon's cashflow. Pretty neat set-up, if you ask me.