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
Department of Justice sues Google, claiming it uses its power unfairly to preserve a monopoly as ‘the gatekeeper to the internet’ and shut out any search engine competitors The DoJ is preparing to file a lawsuit on Tuesday that accuses Google of shutting out competitors unfairly Because Google is the preferred advertising platform among businesses, … Read more
Mark Zuckerberg ‘testified under oath for two days’ as part of FTC anti-trust investigation into Facebook CEO Zuckerberg’s testimony could be used to build a case against Facebook But the move is not said to mean the commission will definitely pursue a lawsuit The FTC is leading a probe into how the social media giant’s practices … Read more
Apple retaliated against Epic Games after being served an anti-trust lawsuit for pulling the wildly popular video game Fortnite from the App Store. The tech giant is set to remove Epic Games’s developer account from the platform on August 28 – banning the firm from designing apps for the App Store in the future. Epic is … 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