Connect with us

Hi, what are you looking for?

Contribution AmericansContribution Americans

Tech News

Apple fights to keep DOJ antitrust suit from reaching trial

Photo illustration of Tim Cook in front of gavels.
Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images

Apple urged a federal judge to dismiss the Department of Justice’s antitrust case against it, saying the government’s complaint includes speculative arguments and the government doesn’t plausibly argue it has monopoly power.

“The court is allowed to use common sense,” countered DOJ counsel Jonathan Lasken at a hearing in New Jersey on Wednesday. “We’re here today based on the idea that it’s not plausible that [Apple] has monopoly power, but instead is at the mercy of supposed global behemoths who are a fraction of its size.”

The government and more than a dozen states sued Apple earlier this year for maintaining an illegal monopoly in the smartphone market, ultimately driving up prices and locking consumers into its ecosystem. It pointed…

Continue reading…

You May Also Like

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition...

Tech News

Image: the Internet Archive The Internet Archive is back online in a read-only state after a cyberattack brought down the digital library and Wayback...

Editor's Pick

When the market is down, you can see which stocks Wall Street may be pumping money into. So on a Monday morning when the...

Editor's Pick

There are times when the price action of a stock is worth analyzing further. This article is a follow-up to last week’s StockCharts Technical...