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“#Google challenges $591M French fine amid broader antitrust war” Google plans to fight a $591 million fine that was levied by France’s antitrust watchdog earlier this summer over compensating publishers for news content — just one front in a broader battle that has the tech giant facing off against anti-monopoly regulators across the globe. French…
“#Apple, Google to lose lucrative payment fees under new law” Apple and Google will be forced to allow app developers to use alternative payment systems under a new law passed by South Korea’s parliament Tuesday, threatening the companies’ lucrative commissions that are facing antitrust scrutiny around the world — including in the US. TheSouth Korean…
“#Apple may loosen rules on App Store fees amid class-action lawsuit” Apple said it’s willing to loosen the notoriously strict rules on payments inside the iPhone’s App Store, making it easier for smaller developers to steer customers toward alternative payment methods as they look to sidestep the tech giant’s stiff fees. In a partial concession…
“#House, Senate push to loosen Apple, Google app store ‘stranglehold’” Apple and Google’s lucrative app stores are under threat from bipartisan legislation introduced in Congress this week. A bill introduced in the House on Friday would bar Apple and Google from blocking users from downloading apps from third-party app stores. The bill, a companion to…
“#China weighs ‘unprecedented’ penalties for Didi after US IPO” China is reportedly weighing “unprecedented” penalties for Didi after the ride-sharing giant went public in the US in June despite a crackdown from its home country’s cybersecurity regulator. China’s government may forcibly introduce a state-owned investor to the company’s board or force Didi — popularly known…
“#Biden picks Big Tech gadfly Jonathan Kanter as DOJ antitrust chief” The White House has tapped a longtime gadfly of Google and other big tech companies to lead the Department of Justice’s antitrust division. President Biden on Tuesday nominated Jonathan Kanter — a pugnacious antitrust attorney who has fought legal battles against Google and who…
“#Facebook wants FTC Chair to recuse herself from antitrust probe” Facebook asked the Federal Trade Commission on Wednesday to recuse Chair Lina Khan from any antitrust actions against the company, arguing that her history of criticizing big tech companies means she cannot be impartial. The company pointed to Khan’s academic writing, in which she said…
“#Google fined $593M in France amid battle over news publishing” Google was hit with a $593 million fine by France’s antitrust watchdog on Tuesday for not properly complying with orders to hold talks with news publishers in “good faith” and for failing to create plans to pay them for their content. In addition to levying…
“#’Chinese Uber’ Didi shares plummet amid government crackdown” Shares of Chinese ride-hailing app Didi have plummeted more than a third from their peak after debuting on the New York Stock Exchange just two weeks ago as the Chinese government prevents the company from taking on new customers. Didi warned investors Monday that a crackdown from…
“#Biden to sign executive order aimed at Big Tech crackdown” The White House on Friday unveiled a new executive order aimed at reeling in Big Tech and protecting competition across a variety of industries, including agriculture and banking. In a fact sheet outlining the sweeping order, which includes 72 actions and recommendations that involve a…