The European Union’s $5 billion antitrust action against Alphabet Inc.’s GOOGL -0.50%Google, while historic, ultimately may not prove too onerous.
The reason: Even if Google loses its appeals, novel antitrust cases in the tech sector can take so long that by the time they are decided, the alleged monopolist may already be entrenched, or the entire market has already moved on.
“There is no way antitrust can keep up with technology,” said Randal C. Picker, an antitrust expert at the University of Chicago Law School. “Neither private firms nor the government know what’s going to be the next great thing.”
Read more at The Wall Street Journal