For Alibaba, it may be a case of “pay up and move on.” The weekend brought a fine in the billions of dollars for the Chinese tech giant, which – though unlikely to have much financial impact – may carry reverberations for other large tech...
Chinese authorities have fined Alibaba $2.75 billion for alleged antitrust violations, Reuters and other news agencies reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Democrats in the U.S. Congress could introduce 10-plus bills involving antitrust concerns, according to a report from 9to5Mac. That could be an alternative to one, giant all-encompassing bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Lina Khan, an associate Columbia Law School professor who writes about antitrust law, is now President Joe Biden’s nomination for commissioner of the Federal Trade Commission (FTC), according to a press release from The White House. Get the Full Story Complete the form to unlock...
The Competition and Markets Authority (CMA), Britain’s antitrust watchdog, is planning an investigation into how Facebook handles user data, the Financial Times (FT) reported on Friday (March 19), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Rappi, a SoftBank-backed Latin American delivery app, along with Uber Eats, have won the first round of a dispute against their main rival in Brazil, iFood, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Regulators in Brussels have so far failed to find enough evidence to file antitrust charges against Amazon, the Financial Times (FT) reported on Thursday (March 11), citing sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Epic Games, the maker of Fortnite, is suing Google in Australia over alleged anti-competitive behavior that violates the country’s antitrust regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Facebook made its first legal move since the Federal Trade Commission (FTC) and 46 states filed lawsuits against it in December 2020, The Wall Street Journal reported on Wednesday (March 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
