Google, Facebook, and Amazon benefit from an outdated definition of “monopoly”
A few weeks ago, Italy fined Apple and Samsung €15 million for the “planned obsolescence” of their smartphones. The antitrust regulators allege that both companies pushed users to download software that slowed phone performance, forcing customers to buy replacement phones sooner. The fines were another blow to big tech companies as the groundswell of skepticism against them rises. These companies have amassed so much power that even Apple CEO Tim Cook has called for stricter regulations to be placed on them.