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“#Congress looks to break up Big Tech with bold new antitrust bills” Congressional lawmakers are targeting tech giants over antitrust concerns — and the proposed legislation could force them to overhaul or even break up their increasingly dominant business empires. The package of five antitrust bills introduced by a bipartisan group in Congress on Friday…
“#Google fined $268M for market abuse in French antitrust case” Google has been fined nearly $270 million by French authorities for abusing its market power in the digital advertising sector. As part of the first-of-its-kind settlement agreement announced by the French Competition Authority Monday, Google also agreed to change some of its advertising practices to…
“#Apple made at least $100 million off Fortnite fees: trial” Apple made at least $100 million — and possibly much more — off commissions from “Fortnite” during the two-and-a-half years the game was available on the App Store, an Apple executive revealed during an ongoing antitrust trial. Michael Schmid, an Apple executive who oversees business…
“#EU accuses Apple of antitrust breach following Spotify complaint” European Union regulators accused Apple on Friday of violating the bloc’s antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store. The EU’s executive Commission said it objected to Apple’s rules for music streaming…
“#Roku accuses Google of ‘anti-competitive’ demands over YouTube TV” Roku said it may force Google’s YouTube TV app off its video-streaming platform, alleging that the search giant is demanding “anti-competitive” and “unfair” terms for its YouTube and YouTube TV apps. Google’s demands include requests for preferential treatment for YouTube TV, its internet pay-TV service, as…
“#Biden urged to probe Live Nation-Ticketmaster ‘monopoly’” Democrats in the US House of Representatives are urging the Biden administration to launch an investigation into the decade-old Live Nation-Ticketmaster merger, which they claim has created a “monopoly” over the market for live-event ticket sales. Five members of Congress, including New York Rep. Jerry Nadler and New…
“#Visa stock tumbles after report of debit card probe” Visa’s stock price slid Friday as the card giant confirmed that the feds are probing whether it has used anticompetitive practices to maintain its dominance in the debit-card market. Shares in the payment processor tumbled 6.2 percent to close at $206.90 after the Wall Street Journal…
“#UK launches antitrust probe into Apple’s App Store” British antitrust regulators launched a probe of Apple’s App Store Thursday after developers complained that the tech titan’s policies put them in a chokehold. The UK’s Competition and Markets Authority said it’s investigating concerns about the terms Apple forces on developers who want to distribute apps through…
“#Google to start paying UK news publishers for content” Google is rolling out a plan to pay for news to the UK. The web search giant, which has been under pressure to share digital ad revenue with web content providers that drive traffic to its services, said it has signed deals to pay licensing fees to…
“#Google may face 4th government lawsuit over its business practices” State attorneys general are planning another lawsuit against Google, this one focused on the search and advertising giant’s Play Store for Android phones, according to two sources familiar with the matter. The lawsuit is expected to be filed in February or March, the sources said, and it would follow complaints about Google’s management…