Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg...
In less than a decade, voice-activated artificial intelligence (AI) assistants like Alexa and Siri have gone from something seen in science-fiction films to mainstream consumer touchpoints for larger digital ecosystems. In fact, the latest edition of PYMNTS’ and Visa’s How We Will Pay survey found that more than three in...
The state of California has opened its own antitrust investigation into Google, sources told Politico, putting more pressure on the global technology giant already facing allegations from most U.S. states and the U.S. Department of Justice (DOJ). Last fall, an antitrust investigation against Google was unveiled...
The CEOs of Amazon, Apple, Facebook and Google parent Alphabet will all appear before Congress this month as part of a governmental probe into their companies, Reuters reported, citing a statement from the House Judiciary Antitrust Subcommittee. House Judiciary Panel Chair Jerrold Nadler and Antitrust...
European regulators are investigating Google’s proposed $2.1 billion takeover of Fitbit, the San Francisco-based wearable technology maker, the Financial Times reported. Consumer and privacy groups have argued that the deal should be blocked because Fitbit will give its new owner more data, making it impossible for other...
The CEOs of the world’s four biggest technology companies will testify later this month before the House Judiciary Committee as lawmakers investigate competition in the tech industry, Reuters reported. Facebook’s Mark Zuckerberg, Sundar Pichai of Google, Apple’s Tim Cook and Jeff Bezos from Amazon are...
The European Union (EU) has leveled new rules against Google in a bid to help rein in the tech giant, including regulations on data sharing and the operation of digital marketplaces, Reuters reported. The new rules, under the Digital Services Act (DSA), could force Big...
The European Commission’s antitrust regulators are poised to rule on whether Mastercard’s $3.2 billion bid for part of the Scandinavian payments company Nets can go through. Mastercard wants to buy three divisions of Nets, including the ones dealing with instant payments and Billing. In an...
Facebook and Cielo are requesting that Cade, Brazil’s antitrust watchdog, overturn the suspension of WhatsApp‘s payment system rollout in the country, Reuters reported. The companies argued that their agreements are not exclusive, and other countries would be allowed to forge agreements with WhatsApp as well....