Executives of a now-defunct photo app filed an antitrust complaint against Facebook on Thursday alleging the company schemed to end their company.
The complaint, filed by executives of a start-up image app called Phhhoto, alleges that Facebook employed anti-competitive business tactics to throttle the smaller company after it refused a business deal with the tech giant. Specifically, the suit alleges that Mark Zuckerberg personally downloaded the app, approached Phhhoto for a partnership and later pursued a campaign against the start-up after no deal materialized. Read More
Last-minute changes to major antitrust legislation working its way through the House appears to exempt several Big Tech companies from being affected by its regulations.
The legislation, which has been months in the making and was crafted to take on Big Tech monopolies, targets a handful of companies while excluding others that also have massive market power, a leading expert told the Daily Caller News Foundation. Existing federal and state antitrust law already prohibits a wide range of anticompetitive business activity across all industries like unlawful mergers and monopolization. Read More
Facebook’s market capitalization, or total dollar value, closed above $1 trillion for the first time ever Monday, making it the fifth U.S. company to reach such size.
Facebook exceeded the $1 trillion mark after a year in which the company experienced massive user and earnings growth, CNBC reported. Apple, Alphabet, Microsoft and Amazon – all fellow Big Tech companies – are the only other U.S. companies that have also surpassed $1 trillion in market capitalization, according to Axios. Read More
European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them.
The charges, filed two years after the bloc’s antitrust enforcer began looking into the company, are the latest effort by European regulators to curb the power of big technology companies. Margrethe Vestager, the EU commissioner in charge of competition issues, has slapped Google with antitrust fines totaling nearly $10 billion and opened twin antitrust investigations this summer into Apple. The EU’s executive Commission also opened a second investigation Tuesday into whether Amazon favors product offers and merchants that use its own logistics and delivery system. Read More
by Peter Hasson and Chris White Department of Justice investigators who are conducting an antitrust probe targeting Google do not appear to be scrutinizing claims that the tech giant manipulates its search function, leaks about the probe and a source familiar with it indicate. Google critics argue that Google… Read More
Amazon, Twitter, and other major tech companies are facing intense criticism on antitrust issues and censorship claims in the months since government officials reportedly began asking for help from Silicon Valley on ways to tackle the coronavirus pandemic.
The president and lawmakers have turned their sights on Twitter and Amazon, respectively, while Texas Attorney General Ken Paxton and other attorneys general are reportedly ratcheting up their antitrust investigation targeting Google’s business model. The White House asked them in March to fight coronavirus disinformation while also assisting the government in its virus response. Read More
by Chris White The Department of Justice is preparing an antitrust probe against Google’s search engine and business model, The Wall Street Journal reported Friday night, citing people familiar with the issue. It would be the first such investigation since the Federal Trade Commission conducted a probe of Google… Read More
by Kevin Daley The Supreme Court ruled Monday that iPhone users can bring an antitrust lawsuit against Apple alleging the tech giant has monopolized the market for software applications. Justice Brett Kavanaugh delivered the 5-4 decision, joined by the high court’s liberal bloc, which may have far-reaching consequences for Silicon Valley.… Read More
U.S. Supreme Court justices on Monday appeared open to letting a lawsuit proceed against Apple Inc that accused it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to overpay. The nine justices heard an hour of arguments in an appeal by… Read More
by Kyle Perisic Google and Mastercard have reportedly struck a secret deal to monitor users’ in-store purchases, to collect data on what Google ads have resulted in purchases. After years of negotiations, Google paid Mastercard millions of dollars for its customer data, Bloomberg reported Thursday, citing two anonymous sources. The two could… Read More
by Kyle Perisic Twitter CEO Jack Dorsey began his tour with media networks to explain Twitter’s speech policies after the backlash he faced from not banning Alex Jones like other tech giants. Dorsey is planning on speaking with Lester Holt on NBC’s “Nightly News” later in August and Brian… Read More
By Robert Romano A vibrant and healthy democracy depends on the free marketplace of ideas. Call it what you want. Viewpoint diversity. Access to alternative views. In today’s media and information-driven society and culture, being able to find the opposing view on an issue, to compare the pros and cons… Read More
President Trump said Thursday that he’s had concerns with Amazon’s business model long before running for president. “I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing… Read More
By Rick Manning Disney and 21st Century Fox have proposed another massive media merger that may rise or fall on Disney’s anti-competitive lawsuit against a small Utah company that allows parents to filter mature content such as violence, strong language, or sexually inappropriate images and sounds from movies and TV shows.… Read More