- June 24, 2021
- Posted by: Stratford Team
- Category: Business
Earlier this year, Congress took an important first step in examining the impact of some of these practices when the Senate Judiciary Antitrust Subcommittee held a hearing on the issue. During the hearing, U.S. Sen. Amy Klobuchar of Minnesota showed tremendous leadership by pressing Apple for greater accountability and transparency.
However, Congress cannot rest on its laurels now. We need federal legislation to help rein in some of the more abusive practices in which Apple engages.
You may have an iPhone sitting next to you — you may even be reading from it right now — full of apps that tell you the weather and news, play music, and deliver you food. But you likely have not noticed that the Apple App Store is a monopoly, abusing power and control to create a preference for its own apps over competitors’ apps. This stifles innovation, inflates costs, and cuts off…