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. Get the...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Federal and state antitrust regulators could file lawsuits against Facebook very soon, Bloomberg reported on Monday (Dec. 7), citing sources. 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...
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. Get the Full Story Complete the form...
Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
U.S. regulators are eyeing complaints that Facebook is muscling out the competition in the virtual reality area, as more than 40 states gear up to file an antitrust lawsuit against the company next week. The latest point of contention over antitrust issues comes after comments from Joe...
India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab from transactions, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
U.S. President-elect Joe Biden has been urged by 32 antitrust consumer advocates and labor experts not to let Big Tech influence his administration, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Google wants the federal government to cough up the documents it used to draft its antitrust case against the $1 trillion search and tech behemoth, and to do so fast, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy...
