DOJ sues AAPL for 'Smart Phone Monopoly' coinciding with lawmaker's sale
JUST IN: The Justice Department has sued Apple claiming that the iPhone maker has a monopoly. They state that the monopoly over the phone market has harmed consumers, developers, and rival companies.
Impeccable Politician timing, once again 👌 Two months ago, we shared Senator Tommy Tuberville sold his entire $500K stake in Apple Today, the DOJ opened a lawsuit against $AAPL to break up its "Smart Phone Monopoly" The stock is down 4% today & 10% since he sold on 1/19
The Justice Department has targeted Apple Inc in its latest lawsuit. They argue that their dominance in the phone market has negatively impacted consumers, developers, and competitors.
Interestingly, Sen. Tuberville fully sold his $500K stake in the iPhone maker just two months ago.