Antitrust Lawsuits in the US Decline Despite High-Profile Legal Battles Against Silicon Valley
Headline: US Antitrust Lawsuits Decline Despite High-Profile Legal Battles Against Big Tech
Summary: Despite a high-profile legal war between Washington and Silicon Valley, US antitrust lawsuits have been falling since the pandemic. Civil antitrust cases alleging monopolistic mergers or business practices have dropped by 42% between March 2020 and March 2023. The Biden administration has been pushing to limit the concentration of power in key industries, including Big Tech, but the numbers of antitrust cases have continued to decrease. Various theories have been proposed to explain this decline, including stronger enforcement, government focus on bigger targets, and the high cost and risk associated with bringing antitrust cases. Private companies have also faced challenges in pursuing antitrust suits, with some notable successes and failures in recent cases.
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