Big Tech Antitrust: Will Apple Stock Take A Hit?

TheStreet2021-06-15

Big Tech is under fire again, as Congress could vote on legislation to limit the market power of Apple and its peers. Here are the risks, and how Apple stock could be impacted. If the battle with Epic...

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Comments

Qlee10
2021-06-15
Qlee10
cool!
JohnL
2021-06-15
JohnL
Interesting
- poworb:
  gd
JFK
2021-06-15
JFK
Good news
LEEQX
2021-06-15
LEEQX
[Serious]
- LJV:
  [Smile]
- Blueman13:
  Good to be cautious
Brent_Yap
2021-06-15
Brent_Yap
Interesting
- Adam922:
  Yeah
Alfred1007
2021-06-15
Alfred1007
Tech companies still the future...

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Here are the risks, and how Apple stock could be impacted.\nIf the battle with Epic...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/big-tech-antitrust-will-apple-stock-take-a-hit\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/apple/news/big-tech-antitrust-will-apple-stock-take-a-hit","article_id":"1171648213","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171648213","pubTimestamp":1623712621,"sourceInfo":null,"weMediaInfo":null,"summary":"Big Tech is under fire again, as Congress could vote on legislation to limit the market power of App","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"大科技反垄断：苹果股票会受到打击吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Big Tech is under fire again, as Congress could vote on legislation to limit the market power of Apple and its peers. Here are the risks, and how Apple stock could be impacted.\nIf the battle with Epic Games over competitive policy in the App Store was not enough, Apple is now facing another war on the antitrust front. On Friday, a group of Democrat and Republican representatives in Congress introduced a bill aimed at curbing the power of Big Tech.\nOn this subject, the Apple Maven discusses three important topics today:\n\nWhat is this new proposed legislation?\nHow could the Cupertino company be impacted?\nHow might Apple stock suffer in the foreseeable future?\n\nFigure 1: Big tech \"FAANG\" group.\nWhat is it?\nThe most recent “attack” on Big Tech from the federal government’s legislature body came in the form of four proposed bills.\nTwo of them address the issue of companies favoring themselves against competing products and services on their platforms. Think of Amazon ranking their own offerings higher than its competitors’ on amazon.com, or Alphabet displaying their devices first on a search page.\nThe other two are tangentially related to the first two. One limits Big Tech’s ability to acquire companies that may compete with other vendors on their platforms. The last pertains to users’ rights and ability to transfer their own data to other, even if competing platforms.\nFor now, the new legislation is still in the pipeline. Before being considered for a vote on the floor of the House, the proposal would first need to clear the Judiciary Subcommittee. Between now and then, expect lobbying efforts to be deployed to slow the process down or even halt it altogether.\nRisks to Apple\nIn my opinion, all FAAMG companies stand to lose from the proposed legislation – including Microsoft, a company that fought its own antitrust war in the 1990s, but that has remained mostly away from the spotlight this time. Which tech company might suffer most is subject to debate.\nApple would probably “feel the heat” mostly within its services segment. The company has already been accused of being too powerful a gatekeeper of the App Store, a popular application platform through which tens of millions of developers offer their products and services.\nOutside the App Store, it is unclear how Apple might be impacted by the legislation. CEO Tim Cook has made his case clear that Apple is not a monopoly in any of the businesses that it is involved in – from smartphones to personal computers and most, if not all, digital services.\nNothing new so far\nInterestingly, and despite the news having surfaced during trading hours on June 11, Apple stock barely moved in response. AAPL shares ended the trading day up nearly 1%, very much at the high for the day and ahead of the S&P 500’s 0.2% gains.\nIn my view, investors have brushed off the news because it is largely aligned with expectations that have been set years ago.Even before the US elections for President and Senators in 2020, it had become clear that the left and right parties in Congress would be united by their desire to limit Big Tech’s power.\nI find it unlikely that Apple stock will be swayed primarily by the antitrust efforts in Washington, D.C. – at least for now. Still, I remind investors in Big Tech stocks that antitrust is a key risk to be considered when assessing the investment opportunities in these 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to be <u>cautious</u>","text":"Good to be <u>cautious</u>","html":"Good to be <u>cautious</u>"}],"langContent":"EN"},{"id":184252933,"gmtCreate":1623716812722,"gmtModify":1704209300837,"author":{"id":"3584332313590950","authorId":"3584332313590950","name":"Brent_Yap","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184252933","repostId":1171648213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4758300,"gmtCreate":1623717740998,"gmtModify":1663228792532,"authorId":3570274210527584,"author":{"id":3570274210527584,"authorId":3570274210527584,"name":"Adam922","avatar":"https://static.tigerbbs.com/6b7b723d4c3d79eeabe2fbe9aea98564","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":184252933,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"}],"langContent":"EN"},{"id":184222658,"gmtCreate":1623716578974,"gmtModify":1704209287497,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Tech companies still the future...","listText":"Tech companies still the future...","text":"Tech companies still the future...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184222658","repostId":1171648213,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":103,"commentSize":29,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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