As reported by the Wall Street Journal, several state Attorneys General from across the country are launching an antitrust investigation into technology businesses including Apple, Amazon, Facebook, and Google.
“These cases brought by state AGs are weak as these platforms have neither market dominance nor engage in anti-competitive behavior,” said Carl Szabo, Vice President and General Counsel at NetChoice.
“It’s clear that tech markets are highly competitive. Within 18 months of launching, Tik Tok achieved over a billion global downloads, Snapchat maintains a strong standing, Spotify is double the size of Apple music, and Walmart remains the largest seller in the world.”
“State AGs should focus on industries where consumer harm actually exists. NetChoice polling shows that only 5% of consumers think that antitrust enforcement should be most focused on online platforms.“
“This attack on online platforms by Republican AGs should concern conservatives who expect the GOP to be the party of small government – instead, these AGs are listening to the siren song of populism in their desire to regulate businesses they don’t like.”