Comment by cyclecount
2 years ago
Or, both Apple and Google did see this coming years ago, have been smart about supporting politicians in both major US political parties, and calculated that the amount of money they could make by maintaining their monopoly positions — even if only for a few more years — was likely far greater than any fine or other regulatory headache it might cause down the line.
Time will tell, for sure.
The thing is, they are both overflowing with cash, more than enough to afford being strategic about its use.
If you're only looking at cash flow for the next few quarters, sure, that was the smart decision.