Sadly, they didn't lose. They almost lost, appealed and ended up with a settlement which didn't require removing IE from Windows or prevent tying other software to windows.
On November 2, 2001, the DOJ reached an agreement with Microsoft to settle the case. The proposed settlement required Microsoft to share its application programming interfaces with third-party companies and appoint a panel of three people who would have full access to Microsoft's systems, records, and source code for five years in order to ensure compliance.[29] However, the DOJ did not require Microsoft to change any of its code nor did it prevent Microsoft from tying other software with Windows in the future.
Yeah I definitely remember that in the news as a teenager...and then I remember everybody kinda shrugged their shoulders and forgot. And now Bill Gates = zoomer jesus after 20 years of PR work to turn his image around.
Crazy to think that Commodore's BASIC was coded by Bill Gates, though. I was recently reading a programming article he wrote in Compute! magazine back in 1984, when MS ascendance was anything but guaranteed.