How to understand the extremely high stakes of Big Tech’s antitrust battle ...Middle East

Economy by : (Quartz) -
For years, governments and tech firms have been locked in a delicate dance.Lawmakers pull the companies into the spotlight of public antitrust hearings, and their CEOs gracefully spin the narrative into one of falling prices and happy customers. Prosecutors swing the firms into courtrooms, and their attorneys gamely pirouette around the harshest penalties.But in recent months, regulators have begun stomping on Big Tech’s toes. In 2020, American prosecutors launched two major legal salvos against Google and Facebook, and are preparing to follow up with even more lawsuits. British and European lawmakers proposed new rules explicitly forbidding tech firms’ core business practices. Prosecutors i

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