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...Ripley is only the latest casualty of a system that seems to have lost its way....
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...The commission said it was investigating under the Digital Markets Act, a new law aimed at curbing the power of the biggest online platforms....
...Remember a critical principle here, which is that market power attaches to products, not firms. We can speak of Microsoft as having market power in its Windows operating system....
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...“The client gets the benefit of two power brokers working who are incentivised,” Fatemi said. “The majority of clients don’t mind paying.”...
...A version of this article was first published by Nikkei Asia on January 31. ©2024 Nikkei Inc. All rights reserved....
...Apple had been expected to remove the functionality with an update to its operating system in the coming days....
...The public trial was replete with documents and records supporting the narrative that Google has been attempting to maximise rents that can result from widening market power....
...The company estimates that 99 per cent of developers will see their fees reduced or maintained under the new system....
...For developers, meanwhile, being able to draw on the computing power of the iPhone will help cut down on expensive AI processing costs they would otherwise face....
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...The EU requires large tech companies, including Google, Amazon, Meta and Microsoft, to inform Brussels by March how they are complying with the act, in legislation aimed at tackling the market power of Silicon...
...But the company can protect returns because it never seems to lose pricing power....
...Apple’s Worldwide Developers Conference, usually held in June, is widely expected to be the event where the company reveals its latest operating system, iOS 18....
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