antitrust

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China Goes After Nvidia in Antitrust Probe

US microchip company's shares dip, amid investigation on its 2019 acquisition of Mellanox

(Newser) - Shares of Nvidia slid early Monday after China said it's investigating the high-flying US microchip company over suspected violations of Chinese anti-monopoly laws. In a brief press release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission...

One Company Drives Risky World of Competitive Cheer

New York Times looks at how Jeff Webb's Varsity Spirit dominates the lucrative industry

(Newser) - Cheerleading may elicit images of pompoms and ponytails, but the athleticism required to pull off stunts performed in competition these days requires more than glittery pep. As it turns out, cheering has resulted in more catastrophic injuries than any sport played by female high school and college athletes combined, writes...

DOJ: We Need to End Google's 'Control of Distribution'

Justice Department talks of breaking up company as one remedy in antitrust case

(Newser) - The Justice Department is considering asking a federal judge to break up Google after its ubiquitous search engine was declared an illegal monopoly —but it's just one of many possible remedies under review, according to a court filing. In court papers filed late Tuesday, per the AP , government...

Federal Lawsuit: Visa's 'Unlawful Conduct' Keeps Prices High

Company is accused of illegally monopolizing debit card market

(Newser) - The Justice Department is taking action against the company that processes more than 60% of debit card transactions in the US. In an antitrust lawsuit filed in federal court in Manhattan on Tuesday, the department accused Visa of illegally monopolizing the market by blocking competition, keeping fees artificially high, CNN...

Antitrust Ruling Could Cost Google 15% of Revenue

Experts weigh in on potential remedies, likely to be decided after appeal

(Newser) - US District Judge Amit Mehta has yet to decide how to punish Google for maintaining an illegal monopoly on internet searches , but experts say there could be big changes ahead. "The court will have to decide whether Google should be broken up in some way," Loyola University Chicago...

Google Loses Massive Antitrust Case

Landmark decision could shake up the internet

(Newser) - In a seismic decision that could shake up the internet and hobble one of the world's best-known companies, a judge ruled Monday that Google's ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation. The highly anticipated decision issued by US District Judge...

DOJ: 'It Is Time to Break Up Live Nation-Ticketmaster'

Feds file sweeping antitrust lawsuit

(Newser) - The Justice Department filed a sweeping antitrust lawsuit against Ticketmaster and parent company Live Nation Entertainment on Thursday, accusing them of running an illegal monopoly over live events in America—squelching competition and driving up prices for fans. The lawsuit, filed in federal court in Manhattan, was being brought with...

Report: DOJ Taking a Hard Look at Ticketmaster's Parent

Live Nation will likely face federal antitrust suit over its dominance of live events market

(Newser) - The antitrust accusations against Ticketmaster parent company Live Nation are about to hit the fan. According to the Wall Street Journal , the Justice Department plans to file an antitrust lawsuit against the company within weeks. Live Nation has been accused of controlling the ticketing and live event venues market, a...

US Sues Apple, Alleges an Illegal Monopoly

Justice Department says the iPhone maker stifles competition

(Newser) - The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation, per the AP . The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the...

EU Fines Apple $2B for Move That Impacted 'Millions'

Tech giant is hit with antitrust penalty for favoring its own music streaming service over rivals'

(Newser) - The European Union leveled its first antitrust penalty against Apple on Monday, fining the US tech giant nearly $2 billion for breaking the bloc's competition laws by unfairly favoring its own music streaming service over rivals. Apple banned app developers from "fully informing iOS users about alternative and...

Millions Are About to Receive Some Cash From Google

Company agrees to $700M settlement with consumers, states on high fees for app developers

(Newser) - More than 100 million consumers are eligible to receive funds from Google as part of an antitrust payout worth $700 million over fees Google charged in its app store. Per settlement terms released Monday , the tech giant will deposit $630 million into a fund that will dole out compensation to...

Largest Antitrust Trial in US in 25 Years Is About to Kick Off

Justice Department takes on Google over its search engine dominance

(Newser) - Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged...

Judge Rejects FTC Move to Halt $69B Microsoft-Activision Deal

With clock ticking to get the deal closed, court hands Microsoft a major victory

(Newser) - A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. US District Judge Jacqueline Scott Corley said in a ruling that the Federal Trade Commission "has not shown a likelihood it will prevail on its...

Meta Unloads Giphy, Is Out Hundreds of Millions

Facebook parent sells GIF search engine to Shutterstock for $53M after UK regulators' decision

(Newser) - In 2020, Meta scooped up Giphy, a GIF search engine used by Facebook, Instagram, TikTok, and other platforms, for $400 million. On Tuesday, Facebook's parent company announced it had sold the product to stock image service Shutterstock for a mere $53 million—effectively taking a nearly $350 million loss....

UK Just Nixed the Biggest Tech Deal in History

Microsoft's $69B attempt to buy video game maker Activision scuttled over fears of stifling competition

(Newser) - British regulators have blocked Microsoft's $69 billion deal to buy video game maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market. The UK's Competition and Markets Authority said in its final report Wednesday that "the only effective remedy" to the significant...

Feds, States File 'Huge' Lawsuit Against Google

Antitrust lawsuit targets dominance in digital advertising

(Newser) - The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to "neutralize or eliminate" rivals through acquisitions and to force advertisers to use its products by making it...

Tennessee AG Isn't Shaking Off Ticketmaster's Swift Debacle

Jonathan Skrmetti looking into consumer complaints on Ticketmaster sales for singer's tour

(Newser) - The Ticketmaster fumble on Tuesday during sales for Taylor Swift's Eras Tour wasn't just an annoyance for fans—it was a bungle that's caught the attention of Tennessee's attorney general. At a Wednesday video news conference, AG Jonathan Skrmetti announced that, due to multiple consumer complaints...

Stephen King Will Be Star Witness in Publishing Antitrust Trial

Government is trying to block merger of two of publishing's 'Big Five'

(Newser) - The government and publishing titan Penguin Random House exchanged opening salvos in a federal antitrust trial Monday as the US seeks to block the biggest US book publisher from absorbing rival Simon & Schuster. The case comes as a key test of the Biden administration’s antitrust policy, the AP...

FTC Is Investigating McFlurry Machines

Company accuses manufacturer of 'multimillion-dollar repair racket'

(Newser) - McDonald's notoriously finicky McFlurry machines may be in violation of antitrust law, Gizmodo reports, based on a new investigation by the Federal Trade Commission. The agency is investigating why the machines so often fail amid a legal fight between the manufacturer, which has a monopoly on repairs, and a...

Biden Executive Order Takes On Big Tech, Net Neutrality

Initiatives include directives around data collection and health care

(Newser) - President Biden signed a sweeping executive order Friday aimed at reining in some tech company practices and clearing a path for reforms in health care, too. The Promoting Competition in the American Economy executive order that he signed Friday has 72 initiatives, CNET reports. Some seem deceptively simple, like a...

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