Not just toothless, but also focusing on the wrong thing. Our antitrust laws haven't kept up with tech. They are still largely focused on consumer harm, which doesn't apply well when huge tech companies can offer stuff for free at a loss to snuff out any potential competition.
Instead we need antitrust legislation to look at unfairly favoring one's own service, attack bundling, and prohibit exclusionary practices/blocking access to protocols (Private APIs, basically Apple).
To use Apple as an example, we could legally mandate they provide APIs for third parties to access iMessage, AirDrop, SharePlay, etc. on their OSes so that third parties can offer accessories and services that compete on the same playing field as Apple's own accessories and services. Without mandating that openness, there can be no competitors. I can't make a smartwatch for iPhones and have it able to compete with the Apple Watch, Apple just simply gatekeeps and won't allow it - that should not be legal. Likewise for wireless headphones - no one else can make a set of wireless earbuds that can do device switching on Apple devices to the same level as AirPods, because Apple is gate keeping with proprietary tech.
The non anti-trust aspect of it with tech is mostly network effects. For mobile, the more users, the more apps, the more valuable that platform gets, starts to incur high switching costs, devs neglect or ignore any potential new entry into the market because it's not profitable to build for it, and that momentum is very difficult to overcome without regulatory action.
Instead we need antitrust legislation to look at unfairly favoring one's own service, attack bundling, and prohibit exclusionary practices/blocking access to protocols (Private APIs, basically Apple).
To use Apple as an example, we could legally mandate they provide APIs for third parties to access iMessage, AirDrop, SharePlay, etc. on their OSes so that third parties can offer accessories and services that compete on the same playing field as Apple's own accessories and services. Without mandating that openness, there can be no competitors. I can't make a smartwatch for iPhones and have it able to compete with the Apple Watch, Apple just simply gatekeeps and won't allow it - that should not be legal. Likewise for wireless headphones - no one else can make a set of wireless earbuds that can do device switching on Apple devices to the same level as AirPods, because Apple is gate keeping with proprietary tech.
The non anti-trust aspect of it with tech is mostly network effects. For mobile, the more users, the more apps, the more valuable that platform gets, starts to incur high switching costs, devs neglect or ignore any potential new entry into the market because it's not profitable to build for it, and that momentum is very difficult to overcome without regulatory action.