Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. The Netherlands Authority for Consumers and Markets (ACM) is homing in on contactless payments that can access near-field communication (NFC), which enables users...
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. In addition, every player will have to make use of the country’s open payments platform to...
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. Biden’s transition team contains more tech executives than those opposed to tech influences, Reuters reported. That, to analysts, could indicate...
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. With Google scrambling to file a response to the government’s case by Dec....
M&A DOA? Maybe. In a signal of what might be on the horizon for U.S. corporates, including tech (and beyond Big Tech), Joe Simons, chair of the Federal Trade Commission (FTC), indicated that roadblocks could be set up to stop some of the traditional means...
As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten FinTech acceleration, according to a Bloomberg report on Friday (Nov. 13), Beijing’s proposed new laws had a negative effect on the...
Joe Simons, chair of the U.S. Federal Trade Commission (FTC), said antitrust enforcers should be on guard against dominant companies buying emerging startups, Bloomberg reported. That, according to the report, shone a light on one of the central issues in the agency’s investigation of Facebook....
Sen. Amy Klobuchar, in talks for a possible attorney general position in the President-elect Joe Biden administration, has voiced support for the U.S. Department of Justice‘s move to leave open options for structural remedies in a lawsuit against Google that may mean breaking up the...