Today’s “Back to the Future” looks back to the 1911 Standard Oil Supreme Court breakup decision and then at Amazon’s antitrust concerns.
In the Epic v. Apple legal battle, the court may have to decide whether to upset the power that Apple has through its app store.
#TBT: Today’s Throwback Thursday looks back to why Standard Oil was divided into 34 companies by the Supreme Court in 1911 and then forward to Amazon.
Who would have expected the Sherman Antitrust Act to relate to college applications? In 1890, the Sherman Antitrust Act was passed because large firms were acting “in restraint of trade.” Supporting Adam Smith, the goal was to control business size so that the market…