monopoly

Facebook Credits may be illegal: lawyers

In the run-up to the Facebook IPO, some observers are casting a skeptical eye towards the social network’s advertising business. Ads, not surprisingly, account for much of the company’s revenue, and there are certainly some areas of concern.

But if two lawyers have their way, Facebook’s virtual currency business, which many believe is also crucial to the company’s future, could be facing major challenges.

Google gets the Microsoft treatment on Capitol Hill

Little more than a decade ago, Microsoft was public enemy number one. After the United States Justice Department filed suit, a judge ruled that the world’s largest software maker was a monopoly and must be broken up.

That ruling was overturned, and in 2001, the company settled with the Department of Justice.

Today, Microsoft is still one of the world’s largest software makers, and Internet Explorer, the product that was the focus of so much of the government’s action against the company, is still the world’s most widely-used internet browser.

The company, however, has been humbled in markets like search and mobile, which were nascent in 2001. The implication: try as hard as they might, big technology companies can’t use their size to guarantee success.