Although in the past he has made his usual loud statements about some technology companies, the actors of the American technology industry may have been relieved after the victory of Donald Trump in the US presidential election on Tuesday. Although a number of antitrust proceedings against prominent players in the industry began during Trump’s first presidency, according to experts, a calmer cycle awaits players in the sector compared to the Biden era.
A Reuters in his report, he reminds, among other things, that Trump has expressed skepticism on several occasions regarding one of the potential outcomes of the ongoing antitrust proceedings against Google, the breaking up of the search company.
The US Department of Justice has recently initiated two lawsuits against Google and its parent company, Alphabet, one of which, the procedure focusing on the illegal market advantage of the search service, was already closed in the first stage, when the court found monopoly activity. The lawsuit is now the so-called they enter a reparation phase, where the parties reach an agreement with the court in order to end the illegal situation.
However, the series of negotiations will not start before next April, and the verdict is expected in August at the earliest, which may give Trump and the ministry a sufficient time frame to develop another, less strict package of proposals – if they want to.
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Apart from specific cases, the attitude of the Trump administration may also change in relation to the authorization of mergers. According to experts interviewed by Reuters, it is likely that, in addition to the Ministry of Justice, the Federal Trade Commission, or FTC according to its English abbreviation, will also take part in the merger review process, which has now become significantly stricter.
Meanwhile, not only the world’s leading politicians (at least the majority of them), but also the first people of technology companies are congratulating Trump’s election as president, despite the fact that the 47th (and 45th) president of the USA has previously addressed them and their companies with a few unsolicited words .
Thus, in addition to Elon Musk, who supported Trump’s campaign with 120 million dollars, the first to congratulate was Jeff Bezos, whose newspaper, the Washington Post, was called a lobbyist by the then president in 2019, but Mark Zuckerberg also joined the circle, whom Trump recently threatened with that he will be sent to prison after his re-election. Sundar Pichai and Tim Cook, the CEOs of Alphabet/Google and Apple, along with Satya Nadella (Microsoft), Andy Jassy (Amazon) and Sam Altman (OpenAI) also congratulated him on the victory.
Source: www.hwsw.hu
