Facebook and Google are facing an array of antitrust lawsuits along with investigations by regulators in the U.S. and in Europe. Google has been hit by an antitrust lawsuit filed by a coalition of 38 state attorneys general, for example, while Facebook faces an antitrust...
According to Mexican regulators, the two companies in charge of the country’s credit and debit settlements represent “a near monopoly,” and big businesses need to sell shares in those companies, the Associated Press (AP) reported. The regulators have recommended that the eight private banks which...
A new lawsuit from multiple states alleges that Google used its digital advertising business to harm consumers, The Wall Street Journal (WSJ) reported. Texas Attorney General Ken Paxton‘s office announced on Twitter that it would be pursuing such legal action. “This internet Goliath used its...
As Brussels published its tech legislation drafts, the European Union (EU) warned that it would break up Big Tech for repeated practices that are deemed anti-competitive, the Financial Times (FT) reported on Tuesday (Dec. 15). If adopted, the Digital Services Act (DSA) and the Digital...
China’s antitrust regulators are taking more strident action in reviewing mergers and other deals made by players in that nation’s booming internet sector. On Monday (Dec. 14), China’s State Administration for Market Regulation announced that it was reviewing a merger between DouYu International Holdings and...
The Federal Trade Commission (FTC) and 46 states launched a massive antitrust lawsuit on Facebook Wednesday (Dec. 9), accusing the social media network of “illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct,” according to a press release. The FTC...
Additional states could bring more antitrust lawsuits against Google, Texas Attorney General Ken Paxton said during a Tuesday (Dec. 8) panel discussion with global competition officials, Bloomberg reported. Paxton, who initiated a 48-state investigation into the search giant last year, said the additional lawsuits could...
Federal and state antitrust regulators could file lawsuits against Facebook very soon, Bloomberg reported on Monday (Dec. 7), citing sources. The social media giant could be accused of stifling rivals by taking advantage of its own powerful position, the sources said, per Bloomberg. Lawsuits could be filed...
The European Union (EU) is looking to implement two-tier legislation in its new Digital Services Act to put greater responsibility on Big Tech’s shoulders to help remove more illegal content and fight counterfeit items, Financial Times (FT) reports. The rules would mark the first new...