The Federal Trade Commission (FTC) is looking into potentially launching an antitrust lawsuit against Facebook over allegations that the social media giant has stifled competition, The Wall Street Journal (WSJ) reported. The suit could be filed by the end of the year, sources told WSJ....
Facebook CEO Mark Zuckerberg, speaking with “Axios on HBO,” said he believes Apple‘s App Store “deserves scrutiny.” “I think it’s probably about 50 percent of Americans who have smart phones, and a lot more people around the world,” Zuckerberg said in an interview, according to...
Big Tech’s battles with European regulators continue to grow. The German cabinet on Wednesday (Sept. 9) approved draft legislation that would expand the powers of the country’s Federal Cartel Office to regulate companies that dominate the internet economy, Bloomberg reported. The proposal would, specifically, authorize the...
With the boom of eCommerce both before and during the pandemic, European Union regulators are taking another look at antitrust rules regarding internet sales and distribution platforms. Online sales in such countries as Spain, an EU member, are expected to grow by 20 percent, according...
Apple’s clash with Fortnite developer Epic Games is now drawing unwanted scrutiny by German regulators involving a key part of the tech giant’s business, its App Store. Andreas Mundt, Germany’s top antitrust regulator, told reporters on Wednesday (Sept. 2) that he is following the showdown...
Rep. David Cicilline, chairman of the House antitrust panel, is expected to deliver recommendations by next month in the investigation he’s leading into how Big Tech titans could be reined in when it comes to antitrust cases, Bloomberg reported. Cicilline, in an interview on Wednesday...
Amazon continues to wind up under the scrutiny of regulators worldwide. The online behemoth now faces renewed complaints in India. Reuters reports that the All India Online Vendors Association charges Amazon with favoring some sellers over others, thus tilting the balance against the group’s members...
Facebook CEO Mark Zuckerberg testified before the Federal Trade Commission (FTC) as part of the agency’s antitrust investigation into the popular social media giant, CNBC reported. It’s unknown what Zuckerberg spoke about over the course of his two-day virtual testimony, but the testimony does show...
Some Department of Justice (DOJ) staffers don’t agree with Attorney General William Barr’s decision to level a swift antitrust case against Google parent Alphabet, The Wall Street Journal (WSJ) reported. The timeline is too aggressive for some of their tastes, according to WSJ, and some...