This isn’t the only duopoly: Google and Facebook jointly dominate digital advertising, Microsoft and Google jointly dominate productivity applications, Microsoft and Amazon jointly dominate the public cloud, and Amazon and Google jointly dominate shopping searches. And, while all of these companies compete, those competitive forces have set nearly all of these duopolies into fairly stable positions that justify cooperation of the sort documented between Apple and Google, even as any one company alone is able to use its rival as justification for avoiding antitrust scrutiny.
Judge Gonzales Rogers does note that it is unclear whether Google “could increase output in the short run in order to erode Apple’s market share”, but the real problem is that Google is content to simply share the market with Apple and earn their own supracompetitive commission rate.
As a child I enjoyed going to the horse races with my uncles during the summer. With the limited resources of my pocket money, I figured I could come out ahead by betting the 2nd favourite would place in the top three. Place bets are conservative but all I was interested in was walking away with more than I entered. It didn’t work every time but it worked enough for me to buy what I wanted with the profits.Click HERE to subscribe to Fuller Treacy Money Back to top