Antitrust

Google loses challenge against EU antitrust decision, other probes loom

Google loses challenge against EU antitrust decision, other probes loom

Register now for FREE unlimited access to Reuters.com Register LUXEMBOURG, Sept 14 (Reuters) – Google suffered one of its biggest setbacks on Wednesday when a top European court fined it 4.125 billion euros ($4.13 billion) for using its Android mobile operating system to thwart rivals, offering a precedent for other regulators to ratchet up pressure. …

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Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it's 'the most dangerous, threatening acquisition in the company's history'

Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it’s ‘the most dangerous, threatening acquisition in the company’s history’

Amazon on Friday announced it acquired iRobot, the company that makes Roomba vacuums, for $1.7 billion. The deal prompted immediate concerns from data privacy experts and anti-trust researchers.  “[People] don’t buy a Roomba to have a little robot … spying on the layout of your home,” said anti-trust researcher Ron Knox. Loading Something is loading. …

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Antitrust trial puts book publishing industry in the dock

Antitrust trial puts book publishing industry in the dock

NEW YORK (AP) — The Justice Department’s effort to block the merger of Penguin Random House and Simon & Schuster isn’t just a showcase for the Biden administration’s tougher approach to corporate consolidation, it’s a rare moment for the publishing industry itself to be placed in the dock. Through the first week of an expected …

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F.T.C. Chair Upends Antitrust Standards With Meta Lawsuit

F.T.C. Chair Upends Antitrust Standards With Meta Lawsuit

WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised …

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Chuck Grassley demands Chuck Schumer call vote on Big Tech antitrust bill

Chuck Grassley demands Chuck Schumer call vote on Big Tech antitrust bill

Months have passed since Sen. Chuck Schumer was expected to hold a vote for an antitrust bill designed to rein in Big Tech — and its top Republican backer is slamming the gentleman from New York for dragging his feet.  “It’s past time that the Majority Leader bring up our bipartisan antitrust bill cracking down …

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Google offers concessions to fend off U.S. antitrust lawsuit

Google offers concessions to fend off U.S. antitrust lawsuit

Check out what’s clicking on FoxBusiness.com. Alphabet Inc.’s Google has offered concessions in an attempt to head off a possible U.S. antitrust lawsuit aimed at its massive ad-tech business, according to people familiar with the matter, a sign that legal and regulatory pressures on the tech giant are coming to a head. As part of …

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EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms

EU Approves Landmark Legislation to Regulate Apple and Other Big Tech Firms

European Union lawmakers have approved landmark legislation to heavily regulate Apple, Google, Meta, and other big tech firms. The Digital Markets Act (DMA) and Digital Services Act (DSA) were proposed by the European Commission in December 2020. Now, collected in a “Digital Services Package,” the legislation has been formally adopted by the European Parliament and …

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Stop Using the Defense Production Act and Antitrust to Fix Government-Created Problems

Stop Using the Defense Production Act and Antitrust to Fix Government-Created Problems

Sean Gallup/Getty Democrats in Washington have a problem, and not because polls indicate they’ll be swept from power in Congress this November. They acknowledge that rapidly rising inflation combined with a mangled supply chain keeps the economy listless. And yet, the only solutions they seem capable of coming up with are using the Defense Production …

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Drivers’ Lawsuit Claims Uber and Lyft Violate Antitrust Laws

Drivers’ Lawsuit Claims Uber and Lyft Violate Antitrust Laws

A group of drivers claimed on Tuesday that Uber and Lyft are engaging in anticompetitive practices by setting the prices customers pay and limiting drivers’ ability to choose which rides they accept without penalty. The drivers, supported by the advocacy group Rideshare Drivers United, made the novel legal argument in a state lawsuit that targets …

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