This chapter delves into the potential negative consequences of misinformed antitrust measures on consumers and small businesses, challenging the narrow definitions of market dominance. It scrutinizes the consumer welfare standard in antitrust, particularly focusing on Apple's 30 percent fee on App Store purchases and the balance between competition and consumer security. The discussion emphasizes the importance of aligning with consumer needs for innovation, debates the boundaries between antitrust concerns and business practices, and examines the implications of big tech companies on the startup ecosystem.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Legal Analyst June Grasso and Bloomberg News Financial Investigations Reporter Zeke Faux discuss FTX co-founder Sam Bankman-Fried being sentenced to 25 years in prison for stealing billions of dollars from customers. Lauren Hochfelder, Co-CEO of Real Estate Investing at Morgan Stanley Investment Management, shares her thoughts on the commercial real estate outlook. Carlyle Co-Founder David Rubenstein talks about the Baltimore bridge accident and buying the Orioles. Jennifer Huddleston, Technology Policy Research Fellow at Cato Institute, breaks down the US Justice Department suing Apple. And we Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.