"Leaders at top big tech firms rushed to congratulate Donald Trump on his landslide election victory as they sought to rebuild bridges with the president-elect — and his most influential Silicon Valley booster, Elon Musk — ahead of a transformative period for the sector.

The chief executives of Amazon, Apple, Google, Meta and Microsoft posted supportive messages on social media on Wednesday, which stood in contrast to their more circumspect reaction to the results of the 2016 and 2020 elections. All of their companies have since faced significant regulatory probes and antitrust threats as part of a crackdown by Joe Biden’s Democratic administration.

They now stand to gain much from a more tech- and business-friendly attitude from Trump, if they can win over a mercurial politician who in the past has repeatedly clashed with what he considers a left-leaning constituency that has funded his opponents and censored him."

https://www.ft.com/content/79f87a7f-66b2-454e-8f58-8d5f535cce66

#USA #Trump #BigTech #Monopolies #Oligopolies #Competition #Antitrust

Airline IDU: led Buttigieg to realize -corps. need⬆️oversight.

That led to a series of decisions he made as TRANS Sec -nudged along by #antitrust thinkers in the admin... calling for remaking the airline IDU *caused even some of his loudest critics to reassess him. No longer do they see him as too-cautious/centrist/poll-tested/corp-friendly; instead, some fmr critics say Buttigieg has become a real ally in the push to check IDUs that'd gotten too big/powerf-.

#HarrisWalz https://www.politico.com/news/magazine/2024/11/03/pete-buttigieg-tough-on-airlines-00181436

Business leaders are worried about JD Vance and the future of the GOP https://www.politico.com/news/2024/11/03/business-leaders-jd-vance-republican-populism-00186981?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication #NationalPolitics #publicaffairs #healthcare #Investment #Regulatory #Technology #Antitrust #Companies #Elections #Stability #Americas #Populism #Politics #BigTech #Markets #mergers #Tariffs #Energy #Policy #Rights #Banks #Labor #Media #Trade #Tax

US sues Ticketmaster owner Live Nation and seeks break-up of alleged monopoly https://www.theguardian.com/business/article/2024/may/23/live-nation-ticketmaster-lawsuit
Promotion and ticketing company has faced scrutiny for years, particularly after it botched ticket sales to Taylor Swift’s Eras tour
#competition #antitrust #monopoly

We've fined Apple over €1.8 billion over abusive App Store rules for music streaming providers.

For a decade, Apple abused its dominant position by restricting developers from informing consumers about alternative, cheaper music services available outside of the Apple ecosystem.

This is illegal under #EU #antitrust rules.

More info: http://europa.eu/!yyFVPj

Republicans want to defund the (corporate) police

"The Antitrust Division has fewer people enforcing anti-monopoly laws in a $24 trillion economy than the Smithsonian Museum has security guards."

-Matt Stoller

https://www.thebignewsletter.com/p/congressional-republicans-to-defund

#antitrust #corruption