antitrust

Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJ

The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market.  Filed in a Northern California federal court, the lawsuit described Visa as a “monopolist” in online debit transactions and …

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What we know about the DOJ’s antitrust case against Google so far

Enlarge / If the company got broken up, maybe each business would take a different color with them when they go. JHVEPhoto | Getty Images The Justice Department today filed a landmark antitrust case against Google. The hotly anticipated, long-awaited lawsuit accuses Google of using its market dominance to force unfair contract terms on suppliers …

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Microsoft thumbs its nose at Apple with new “app fairness” policy

Enlarge / Microsoft sign at the entrance of their Silicon Valley campus in Mountain View, California. Nicolas McComber | Getty Images Microsoft this week adopted a whole slew of “fairness principles” for its Windows app store. The list of principles does look like a decent set of guidelines for both consumers and developers—but it also …

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House: Amazon, Facebook, Apple, Google have “monopoly power,” should be split

Enlarge / The United States Capitol Building, the seat of Congress, on the National Mall in Washington, DC. Omar Chatriwala | Getty Images Last June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law began an in-depth investigation into four major firms—Amazon, Apple, Facebook, and Google. The subcommittee wanted to answer one key question: …

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Facebook leak hints at its defense against a government-ordered breakup

Christoph Dernbach/picture alliance via Getty Images Facebook is under intense regulatory pressure, and it appears to be bracing itself for the worst. The Wall Street Journal says it has obtained a document outlining Facebook’s defense if the government orders a breakup that would unload Instagram and WhatsApp. The social media giant would reportedly argue that …

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Watchdog accuses Amazon of price gouging during the pandemic

Kevin Mohatt / reuters A new report by the consumer watchdog group Public Citizen accuses Amazon of price gouging during the pandemic. According to the group, Amazon increased the prices of essential items like masks, hand sanitizer, disinfectant spray, paper towels and toilet paper. According to the report, the cost of a 50-pack of disposable …

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Revisiting the spectacular failure that was the Bill Gates deposition

Enlarge Aurich Lawson When Microsoft backed a key motion filed two weeks ago in Epic Games’ antitrust lawsuit against Apple, it raised a few eyebrows. Two decades ago, the US Justice Department, 18 states, and the District of Columbia sued Microsoft on allegations the Windows operating system represented a monopoly that the company was wielding …

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Epic Games asks a court to make Apple put ‘Fortnite’ back in the App Store

CHRIS DELMAS via Getty Images In the latest development of the legal battle between Apple and Epic Games, the Fortnite developer announced it has filed for a preliminary injunction that would put its game back in the app store and restore its developer account. Today we asked the Court to stop Apple’s retaliation against Epic …

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Money Reimagined: Defanging FAANG

Most people would be happy to have World Wide Web creator Sir Tim Berners-Lee’s wealth, which is reportedly somewhere between $10 million and $60 million.  Yet, Berners-Lee’s net worth pales into insignificance against that of Amazon founder Jeff Bezos, who last week became the first person ever to be worth more than $200 billion.  There’s …

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