AT&T eventually gave up and agreed to divest of the RBOCs because they didn't like their chances with the regulators. Imagine a Big Tech company having so little faith today in their ability to manipulate the government between lobbying, campaign contributions, and the most modern and economical play, stroking the President's ego.

It's because the laws were creatively reinterpreted to mean something very different from what the people who wrote them had in mind.

https://en.wikipedia.org/wiki/The_Antitrust_Paradox

Biden's FTC chair tried her best, but it didn't go anywhere because she had no support and Trump put an end to it. But both sides amirite?