October 17, 2021
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Why lawmakers are so interested in Apple’s and Google’s “rents”

Enlarge / Maybe this textbook is from the Ma Bell era? #ThanksStockGettyImages designer491 / Getty ImagesJosh Hawley had some questions about how Apple came up with the money to buy back $58 billion in stock over the past year. “I just want to focus on one major source of that income,” the Republican senator said to Apple’s lawyer. “It’s not innova...