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How Big Tech is faring against US antitrust lawsuits - The Economic Times
Economic Times
·
2d ago
Medial
U.S. antitrust regulators are challenging major tech companies like Google, Meta, Apple, Amazon, Microsoft, and Nvidia over monopoly concerns. Google is required to share search data to enhance competition, while Meta faces scrutiny over past acquisitions. Apple and Amazon are accused of hindering competitors, and Microsoft and Nvidia are under investigation. These actions reflect serious efforts by regulators to address the dominance and anti-competitive practices of these tech giants.
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Related News
Amazon faces an array of US consumer, state antitrust lawsuits
Economic Times
·
1y ago
Medial
The US Federal Trade Commission is expected to file a lawsuit against Amazon.com, adding to the numerous legal challenges the company is facing. The lawsuit is part of the regulators' probe into antitrust violations by Big Tech companies. Several state and federal courts are already dealing with cases related to Amazon's pricing practices, fulfillment centers, and relationships with major book sellers. The lawsuits accuse the retail giant of unfairly barring merchants from offering lower prices on their own websites or at rivals such as Walmart and Target.
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After long peace, Big Tech faces US antitrust reckoning
Economic Times
·
1y ago
Medial
US antitrust enforcers are intensifying their efforts against Big Tech with several high-profile cases underway that could bring significant changes to the industry. Launched under both the Trump and Biden administrations, five major cases from the Federal Trade Commission (FTC) and the Department of Justice (DOJ) are progressing against major US technology companies, such as Google, Apple, Amazon, and Meta. The cases allege anticompetitive practices and aim to protect consumers. While some applaud the lawsuits, others question their legal basis and believe they may be politically motivated. Similar actions have been taken in Europe by Margrethe Vestager, the European Union's competition czar.
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Brazil's Supreme Court clears way to hold social media companies liable for user content - The Economic Times
Economic Times
·
2m ago
Medial
Brazil's Supreme Court ruled that social media companies can be held liable for users' illegal content if not removed upon notification, requiring platforms like Google, Meta, and TikTok to monitor and act against hate speech and violence. The decision allows lawsuits against non-compliant companies and aligns Brazil with European approaches to regulating big tech, despite concerns over potential threats to free speech from over-censorship. The court requires proactive action or evidence of attempts to remove harmful content.
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Big tech rules, agriculture among issues in US trade talks with South Korea - The Economic Times
Economic Times
·
2m ago
Medial
South Korea and the U.S. are engaged in trade talks focusing on digital services, agriculture, and other non-tariff issues. South Korea seeks to extend a tariff pause while the U.S. pressures for better access to its agriculture and tech markets. Key concerns include antitrust legislation against big tech and U.S. demands regarding beef imports. Discussions also cover defense costs and industrial cooperation, particularly in shipbuilding, with potential energy collaboration on Alaska's LNG project.
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Google keeps Chrome and Apple deal but must share data in big antitrust ruling - The Economic Times
Economic Times
·
2d ago
Medial
A U.S. judge ruled that Google can keep Chrome and Android but must share its search data with rivals to foster competition. The decision is part of a broader antitrust movement against Big Tech aiming to reduce monopolistic practices and increase consumer choice. This ruling, stemming from a long legal battle, also involves Google making payments to Apple and potentially impacts AI companies, spotlighting AI's growing threat to Google's dominance in online search.
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Big Tech's acquihire deals face regulatory scrutiny, outgoing EU antitrust official says - The Economic Times
Economic Times
·
1m ago
Medial
The European Union is planning stricter regulations for Big Tech's "acquihire" deals, where tech giants hire talent from startups. These practices are seen as ways to bypass antitrust rules. Outgoing EU antitrust head Olivier Guersent encourages national agencies to investigate such deals. The EU is using call-in provisions for better scrutiny. Acquihires can be seen as mergers, impacting effective competition, prompting the EU to push national regulators for proactive measures.
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Apple asks US judge to toss antitrust lawsuit
Economic Times
·
1y ago
Medial
Apple has requested a U.S. judge to dismiss a lawsuit filed by federal and state antitrust regulators, arguing that the case would force the company to redesign its popular iPhone. The lawsuit, filed by the Justice Department and several states, accuses Apple of monopolizing the smartphone market through contractual restrictions and limiting access for developers. Apple claims that placing reasonable limitations on third-party access to its technology does not constitute anti-competitive behavior and that sharing technology with competitors would stifle innovation. The case is part of a series of major antitrust lawsuits against Big Tech companies.
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US sues Apple, alleges tech giant exploits illegal monopoly
Livemint
·
1y ago
Medial
The US Justice Department has sued Apple, alleging that the tech giant violated antitrust laws by blocking software developers and gaming companies from offering better options on the iPhone, leading to higher prices for consumers. The lawsuit claims that Apple used its control over the iPhone to prevent competitors from offering innovative services and limited the functionality of competing hardware products. Apple plans to defend against the lawsuit vigorously, stating that it would hinder their ability to create technologically advanced products. This case follows antitrust lawsuits against other tech giants, including Amazon, Google, and Meta Platforms.
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EU trade chief stalls Google fine after Trump threats - The Economic Times
Economic Times
·
2d ago
Medial
The EU's trade chief, Maros Sefcovic, paused plans to fine Google amid fears of US retaliation, following threats from the Trump administration over regulations targeting US tech giants. While Sefcovic supports the antitrust probe into Google, he emphasized the need for thorough assessment and collegial decision-making. The EU has been investigating Google since 2021 for alleged abuse in the advertising market. Meanwhile, Google faces another antitrust challenge in the US over its online search monopoly.
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The government just walloped Google. That's good business. - The Economic Times
Economic Times
·
2d ago
Medial
A recent ruling against Google highlights a return to U.S. antitrust actions to limit monopolies and promote innovation by curbing dominance like in the past. Historically, Silicon Valley's success owes much to government interventions, which supported tech industry growth by creating competition. The decision against Google aims to foster future tech advancements by ensuring market space for new innovators, maintaining that thriving free markets often require strong governmental roles to regulate and manage large corporations.
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