Sen. Josh Hawley of Missouri has introduced the Trust-Busting for the Twenty-First Century Act, which a press release stated would take back control from big businesses and “return it to the American people” through cracking down on mergers and mega-acquisitions. The bill looks to strengthen...
After slapping Alibaba with record penalties last week, the Chinese government has warned 34 other digital technology firms to step up efforts to adhere to antitrust regulations and make a public pledge to do so, the Financial Times reported. China’s tech platforms have one month...
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. The fine, according to Reuters, equals about 4 percent of Alibaba’s 2019 domestic revenue and allegedly came in response to several years of market-power abuses, especially refusing to...
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. According to Rep. David Cicilline of Rhode Island, the bills might make it harder for tech giants...
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. Khan “teaches and writes about antitrust law, infrastructure industries...
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. The CMA’s investigation into Facebook follows similar competition probes into Google and Apple earlier this month....
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. Antitrust watchdog CADE said iFood has to stop signing exclusivity deals with restaurants, according to Reuters. The...
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. European Union (EU) regulators have been working on the landmark case for nearly two years, sources told FT....