antitrust - Page 7

Josh Hawley Introduces ‘Bust Up Big Tech’ Act

Sen. Josh Hawley (R-MO) will today introduce a bill targeting Big Tech monopolies, in particular the practice of favoring their own products and services in online marketplaces and search engines that they own, a practice that Amazon and Google are often accused of.

Hawley

China Imposes Record Fine on Alibaba

Chinese regulators hit e-commerce giant Alibaba with a staggering $2.78 billion fine for alleged antitrust violations Saturday, seizing about four percent of the company’s annual revenue with the largest corporate penalty the Chinese government has ever assessed.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinpin

The Legal War Between Apple and Epic Games Is Heating Up

Apple and Epic Games are currently engaged in an intense legal battle related to App Store fees and Apple’s ban on third-party payment processors. The arguments each company plan to present in court are becoming clearer as their showdown in court approaches.

Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Developm

Apple Developer: App Store Security Is Like Bringing ‘Plastic Butter Knife to a Gunfight’

According to recently released legal documents, a senior Apple engineer compared the company’s App Store defenses against malicious actors to be like “bringing a plastic butter knight to a gunfight.” The senior employee also described the company’s review process for new apps as “more like the pretty lady who greets you… at the Hawaiian airport than the drug-sniffing dog.”

Apple CEO Tim Cook speaks with attendees during an Apple (JOSH EDELSON/AFP/Getty Images)pr

‘Small Business Rising’ Coalition Targets Amazon’s Monopoly Power

According to a recent report, merchant groups representing thousands of small businesses are forming a national coalition called “Small Business Rising” to campaign for stricter antitrust laws in an effort to force e-commerce giant Amazon to spin off some of its business lines and stop selling its own products in competition with other brands and sellers.

Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force As

Fresh from Breaking Down Alibaba, China Targets Tencent for ‘Antitrust’ Action

The Chinese Communist Party (CCP), having humbled billionaire Jack Ma and cut his Alibaba e-commerce empire down to size with anti-trust regulations, turned its attention to another tech billionaire and his corporation, Pony Ma and the social media/videogame titan Tencent Holdings. Pony Ma was reportedly called in for an unpublicized meeting with antitrust officials on Thursday.

Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd. speaks during th

UK Regulators Urged to Investigate Apple-Google Duopoly

The UK’s Competition and Markets Authority has been asked to investigate allegations that Google and Apple, which together control over 99 percent of the global market in smartphone operating systems, secretly colluded to stifle smartphone search engine competitors.

Sundar Pichai, senior vice president of Chrome, speaks at Google's annual developer confer

Report: Obama’s FTC Let Google Monopoly Grow Unchecked

Unreleased internal memos from the FTC dating from the Obama years suggest the agency dismissed substantial evidence that Google was attaining monopoly power, at a time when the company’s rise to dominance could have been stopped. The decision came at a time when former Google employees were deeply embedded within the Obama White House.

Democratic presidential hopeful Sen. Barack Obama, D-Ill., left, speaks with Google CEO Dr

CNN Calls Facebook a Monopolistic ‘Clone Factory’

In a recent article, CNN refers to tech giant Facebook as a “$770 billion clone factory,” that copies the features and ideas of other companies. CNN describes Facebook as exercising its stranglehold on social media in multiple ways, writing: “In addition to copycatting, when Facebook couldn’t beat ’em, it bought ’em.”

WASHINGTON, DC - APRIL 10: Facebook co-founder, Chairman and CEO Mark Zuckerberg arrives t

Travel Site CEO Sees a ‘Change in Sentiment’ on Regulating Google

The CEO of travel booking site Trivago believes that the attitudes towards the world’s biggest tech firms have changed. Axel Hefer believes world governments are warming to taking on Google’s stranglehold on the internet, stating: “There is an increasing understanding that you need to set some rules that are specific to the digital world, as you’ve done in the offline world a long time ago.”

Google-CEO-Sundar-Pichai Alex Wong:Gettyjpg

China Targets Its Tech Giants with Anti-Monopoly Rules

China’s State Administration for Market Regulation (SAMR) released the final version of its new antitrust rules on Sunday, evidently concluding a debate within the Chinese Communist Party (CCP) over how China’s high-flying technology titans should be reined in. The final draft of the rules places heavy new restrictions on firms like Alibaba, but the rules are not as stifling as they could have been.

Alibaba