Wednesday, July 24, 2019
Crisis
Large tech companies are facing a crisis, and there is little they can do about it. The Department of Justice has opened a sweeping investigation into whether these corporations are monopolies stifling competition. If it finds evidence they are, the government will sue to break them up. There will be years of litigation and millions spent on lawyers, PR and lobbying. None of the leaders of these firms can forget the DOJ action against Microsoft when it strode mightily across the tech world. Defending the company consumed Bill Gates time. There is a chance that some or all of them will have to spin off businesses or open their systems generally to developers. There also is a strong possibility that the investigation will crimp their growth in the years to come. The CEOs will have to pay close attention to the government from now on.
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