U.S. tech giants face antitrust lawsuits

America’s tech giants face bipartisan scrutiny in Washington amid allegations that Apple, Amazon, Google and Facebook have grown too powerful and are abusing their dominance


Market capitalisation* $2.11 trillion 
Revenue† $274.52 billion
CEO net worth: Tim Cook $1 billion

Jun 2019: Justice Department investigates Apple’s app store after app developers accuse
tech giant of introducing new products very similar to their pre-existing apps, then ousting their apps


Market capitalisation $1.56 trillion 
Revenue $347.95 billion 
Jeff Bezos $182 billion

Aug 2020: Federal Trade Commission opens antitrust probe into Amazon’s online marketplace, following claims that it secretly used data on third- party sellers and startups to launch competing products


Market capitalisation $1.21 trillion
Revenue $171.70 billion
Sundar Pichai $600m

                 
Oct 2020: Justice Department and 11 state Attorneys General file antitrust lawsuit against
Alphabet’s Google, alleging that search giant is unlawfully maintaining monopolies to undermine search market rivals 


Market capitalisation $792.07 billion 
Revenue $78.98 billion 
Mark Zuckerberg $105 billion
 
Dec 2020: Social media giant faces twin lawsuits claiming Facebook used “acquire, copy or
kill” strategy to illegally buy up rivals – Instagram in 2012, and WhatsApp in 2014 – to cement its dominance over social media


*$1 trillion = $1,000 billion 
† revenue over trailing 12 months
  

Sources: Associated Press, Bloomberg, MacroTrends 
Pictures: Associated Press 
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