Visa and Mastercard agreed to reduce and cap credit card interchange fees as part of a landmark antitrust settlement with U.S. merchants, who say the deal could save tens of billions of dollars over the next five years. “This settlement is the culmination of eight years of hard-fought litigation and detailed, painstaking negotiations,” Hilliard Shadowen… […]
Posts Tagged ‘antitrust’
Visa, Mastercard to lower ‘swipe fees’ in merchant antitrust suit settlement
US vs. Apple: DOJ’s antitrust case
The Department of Justice announced an antitrust case against Apple for alleged violations that illegally block competition on smartphone devices and monopolize the smartphone industry. The case, which was filed in New Jersey, is the third time in 14 years that the DOJ sued Apple for antitrust violations. The U.S. government said it is coming […]
U.S. plans to file antitrust case against Apple for unfairly rigging iPhone’s market dominance
The Department of Justice is now in the final stages of an investigation into tech giant Apple, with plans to file a far-reaching antitrust case against it to stop the company from unfairly protecting iPhone’s dominance. The lawsuit, which could be filed anytime during the first half of 2024, focuses on how Apple is using […]
Spain hits Apple and Amazon with $218 million combined antitrust fine
Apple’s consolidation of its third party iPhone, Mac, and iPad resellers to Amazon has induced Spain’s antitrust agency to levy a $218 million fine in total on the pair. Spain’s Comision Nacional De Los Mercados Y La Competencia (CNMC) announced in July 2021 that it was investigating if Apple and Amazon have unfairly colluded to […]
Ford Motor Co. Sues Blue Cross Blue Shield in Antitrust Case Over ‘Astronomical’ Profit
Ford Motor Co. is suing Blue Cross Blue Shield Association in U.S. court, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court on May 31 accused the insurer and its regional Michigan branch of unlawfully […]
Landmark Lawsuit Slaps Legacy Media With Antitrust, First Amendment Claims for Censoring COVID-Related Content
01/10/23 A lawsuit filed today by Robert F. Kennedy, Jr., and multiple other plaintiffs, alleges the Trusted News Initiative, a self-described “industry partnership” launched in March 2020 by several of the world’s largest news organizations, partnered with Big Tech firms to collectively censor online news. By Michael Nevradakis, Ph.D. Miss a day, miss a lot. Subscribe […]
Meta’s Privacy Obligations May Be Added to German Antitrust Probe, Court Adviser Says
LUXEMBOURG—Antitrust authorities may assess whether companies comply with EU data protection rules during their investigations, an adviser to Europe’s top court said on Tuesday, dealing a possible blow to Meta Platforms in its fight against the German competition agency. The non-binding opinion, if followed by the Court of the Justice of the Europe Union (CJEU) […]
Meta’s Privacy Obligations May Be Added to German Antitrust Probe, Court Adviser Says
LUXEMBOURG—Antitrust authorities may assess whether companies comply with EU data protection rules during their investigations, an adviser to Europe’s top court said on Tuesday, dealing a possible blow to Meta Platforms in its fight against the German competition agency. The non-binding opinion, if followed by the Court of the Justice of the Europe Union (CJEU) […]
Meta’s Privacy Obligations May Be Added to German Antitrust Probe, Court Adviser Says
LUXEMBOURG—Antitrust authorities may assess whether companies comply with EU data protection rules during their investigations, an adviser to Europe’s top court said on Tuesday, dealing a possible blow to Meta Platforms in its fight against the German competition agency. The non-binding opinion, if followed by the Court of the Justice of the Europe Union (CJEU) […]
Bokhari: Democrats Using Antitrust to Demand More Big Tech Censorship
Given Big Tech’s flagrant interference in the 2020 election — a steal, out in the open, in front of everyone — it’s tempting to welcome any regulatory or legal action that might punish them. Some, like the efforts of Texas attorney general Ken Paxton, bode well — Paxton’s multi-state antitrust case would prevent Google from […]
The startups at the heart of Facebook’s antitrust woes in Israel
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Antitrust Suit Against Google
Justice Department action is likely the beginning of a prolonged fight that could reshape Big Tech By Allen St. JohnOctober 20, 202019 SHARES Google’s overwhelming dominance in online search is coming under attack from the federal government. The Department of Justice filed an antitrust lawsuit against Google on Tuesday, calling the tech giant “a monopoly gatekeeper […]
US files landmark antitrust case against Google
WASHINGTON (AP) — The United States Justice Department on Tuesday sued Google for abusing its dominance in online search and advertising — the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. And it could just be an opening salvo. Other major tech companies including Apple, […]
Antitrust Hearings Delayed as Tech Giants Push Ahead with Ruthless Market Dominance
The much-anticipated antitrust hearing originally scheduled for Monday, July 27 has been moved to Wednesday for the ostensible purpose of allowing members of Congress to pay their respects to recently deceased Rep. John Lewis. The hearing, which is to feature the testimony of big tech CEOs Tim Cook, Mark Zuckerberg, Jeff Bezos, and Sundar Pichai […]
GAB Might Want to Consider Filing Antitrust and Discrimination Suits
Christopher Jon Bjerknes Internet services and others are using Terms of Service agreements as sham devices to discriminate and monopolize both the commercial marketplace and the marketplace of ideas. If the courts rule that the internet be incorporated into the Federal laws which bar discrimination in “public accommodations” and/or enforce antitrust laws to prohibit the […]
EU slams Google with €2.42 billion fine for violating antitrust rules
How Google and Froogle violate antitrust regulations – and what it means for you and competitors Google’s flagship product is the Google search engine. It provides search results to consumers, who pay for the service with their data. Every year, Google makes almost 80 billion US dollars worldwide from adverts, such as those it shows […]
EU Launches Antitrust Investigations of Top Ecommerce Companies
Ecommerce is rapidly overtaking traditional stores as the platform of choice for our everyday transactions. Yet as ecommerce becomes bigger business year on year, the potential for major players to sail close to the wind when it comes to protecting their slice of the pie rises with it. The growth of […]
Google’s Motorola Deal Will Spur Antitrust Regulators to Action
Arik HasseldahlAll Things D August 15, 2011 To say that Google is going to face some opposition to its proposed $12.5 billion acquisition of Motorola Mobility is what you might call a bit of an understatement. First of all, the deal will give a lot of fresh meat to the U.S. Federal Trade Commission, […]