Antitrust scrutiny on tech giants deserves greater investor attention

Souring ties between them and their stakeholders could potentially have financial impact

Published Mon, Jul 1, 2024 · 05:00 AM

The European Union has charged Apple over the tech firm's App Store rules. This strikes at the heart of the company's business model and directly threatens its financial performance. PHOTO: BLOOMBERG

IN THE 1990s, Microsoft was riding high as one of the most successful software companies at the time.

It had grown its dominant position in the personal computing market with its Windows operating system, which ran on over 90 per cent of PCs in 1994.

By the end of the decade, it was the S&P 500’s largest company by market capitalisation.