Facebook has asked a court to dismiss state and federal antitrust lawsuits that accuse it of abusing its market power in social networking to crush smaller competitors. The social media giant said Wednesday that the complaints ‘do not credibly claim’ that its conduct harmed either consumers or market competition. The antitrust suits, filed in December … Read more
A ‘smoking gun’ email has emerged that illustrates the government’s core case in its landmark antitrust suits against Facebook, but Wall Street analysts doubt that the case will succeed in forcing the company to spin off Instagram and WhatsApp. In lawsuits filed on Wednesday by 46 states and federal regulators, the government accuses Facebook of illegally … Read more
Forty-six states and the Federal Trade Commission have filed massive antitrust lawsuits against Facebook, seeking to force the company to divest major acquisitions such as Instagram and WhatsApp. One suit filed on Wednesday in U.S. District Court for the District of Columbia is spearheaded by New York Attorney General Letitia James, leading a coalition of … Read more
The attorney general of New York has filed a massive antitrust lawsuit against Facebook, seeking to force a divestiture of acquisitions such as Instagram and WhatsApp. The suit filed on Wednesday in U.S. District Court for the District of Columbia is spearheaded by New York Attorney General Letitia James, and joined by 45 other states … Read more
Facebook and Google ‘will be hit with FOUR more antitrust lawsuits in the coming weeks’ in latest move against Big Tech The Wall Street Journal cites unnamed sources claiming four more lawsuits are expected from The Justice Department They will allege that both companies use unfair tactics to corner the market Google is already being … Read more
The Department of Justice on Tuesday filed an anti-trust lawsuit against Google, claiming it uses its unprecedented power unfairly to preserve its ‘monopoly’ over the internet. The complaint – filed by the DoJ and 11 Republican State Attorney Generals – alleges that Google plays favorites with businesses, shutting out any possible competitors, and also uses … Read more
The chief executives of four of the world’s largest tech companies, Amazon, Facebook, Apple and Google, plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other rivals. The testimony from Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Google’s Sundar Pichai and Apple’s Tim Cook, … Read more
The chief executives of the four US tech giants – Amazon.com, Facebook, Alphabet’s Google and Apple – whose companies are worth a combined $5.5trillion, will testify before Congress in late July as part of an ongoing antitrust probe into the companies, according to two sources familiar with the matter. Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, … Read more
Amazon is facing charges from the European Union‘s antitrust watchdog over its treatment of third-party sellers, according to sources. The European Commission, the EU’s top antitrust regulator, is planning to file charges against the e-commerce giant as early as next week or the following week, sources told The Wall Street Journal. The charges relate to … Read more