TECH - Jim Cramer Questions Legitimacy Of Antitrust Lawsuits Against Apple Google And Amazon: 'I Wish The White House Would Just Admit The Truth' | Benzinga
Jim Cramer has raised doubts over the validity of the government’s antitrust lawsuits against Big Tech giants such as Apple Inc. (NASDAQ:AAPL), Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Amazon.com Inc. (NASDAQ:AMZN).
What Happened: "Mad Money" host Cramer questioned the antitrust lawsuits against Apple, Google and Amazon. He suggested that the government’s actions are more about curbing the influence of these large corporations than about any actual legal violations.
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) have accused these companies of various anti-competitive behaviors.
Amazon is alleged to have used its monopoly power to inflate prices and exclude rivals, while Google is accused of abusing its search and ...