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- 05 23, 2024
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Can anythingEU stop big tech? After a post-lockdown wobble in 2022, America’s digital giants have come roaring back. Last week Alphabet, Meta and Microsoft all reported robust results in the second quarter, following a stellar set in the first. Between January and June, the three of them together raked in $106bn of operating profits, up by $9bn from the same period last year.Do not look to regulators to stop their march. Last month a court threw out an effort by America’s trustbusters to block Microsoft’s acquisition of Activision Blizzard, a games developer. Markets have shrugged off other fitful efforts to rein in the tech giants, such as the ’s new rules for digital markets.