monopoly - Page 5

Report: Facebook Preparing Antitrust Lawsuit Against Apple

A recent report from the Information claims that tech giant Facebook plans to take on rival Apple in an antitrust lawsuit related to its iOS 14 privacy features. A lawsuit would be a dramatic escalation to the war of words between the Masters of the Universe over user privacy.

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

Lawsuit Claims Google, Facebook Agreed to Team Up to Fight Antitrust Action

According to a recent lawsuit filed by ten state attorneys general, tech giants Facebook and Google agreed to “cooperate and assist one another” if they faced an investigation into their deal to work together in the online advertising market. Google and Facebook have turned the online advertising business into a duopoly that Amazon has only begun to work its way into. Internal documents included in a draft of the lawsuit use terms from the Star Wars films to describe the deal struck between the Masters of the Universe, including the term “Jedi Blue.”

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

Massive Flow of Google Cash Makes Rivals Hesitant to Support Antitrust Action

While rivals have warned of Google’s privacy problems and market dominance through monopoly power, many are reportedly hesitant to pursue antitrust measures due to their reliance on the tech giant’s money. In the case of Mozilla, which makes the Firefox browser to rival Google’s Chrome, the vast majority of its revenue comes from an agreement to make Google the browser’s default search option.

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

NYT: Google and Apple Formed Agreement to Control the Internet

A recent report from the New York Times states that the Justice Department is targeting a secretive partnership between Apple and Google worth billions of dollars as part of its landmark antitrust case. The deal, which cemented Google’s control of internet search, is described as “one of the most lucrative business deals in history” by the Times.

Google bucks soaring smartphone prices with new Pixel

DOJ Files Long-Awaited Antitrust Suit Against Google

The Justice Department has filed its long-awaited antitrust lawsuit against Google, alleging that the Big Tech Masters of the Universe engaged in anticompetitive practices to preserve its monopoly power and crush competitors to its search and advertising businesses. The Wall Street Journal first broke the story on Tuesday morning that the lawsuit would finally be filed.

Google's Senior Vice President Sundar Pichai gives a keynote address during the opening da

WSJ: Google Was a ‘Godsend’ to Travel Companies, Now a Threat

A recent report from the Wall Street Journal outlines how travel sites that previously benefited from Google’s search engine rankings are now finding themselves being limited by the company’s algorithms as Google creates its own products in direct competition with them. Travel is yet another web niche that is feeling the might of Google’s monopoly power.

Leon Neal/Getty Images

ProtonMail CEO: Apple Runs Its App Store Like ‘Mafia Extortion’

Tech giant Apple reportedly forced the privacy-focused email app ProtonMail to add in-app purchases to its iPhone app despite the service being free for years. Apple’s treatment of the popular privacy-centric email service is another example of Tim Cook’s company flexing its monopoly power. ProtonMail CEO Andy Yen likened Apple’s app store policies to “mafia extortion.”

Tim Cook CEO of Apple laughing

Congressional Democrats Admit Big Tech Companies Abuse Monopoly Power

A recent report from top Democratic Congressional lawmakers has determined that tech giants such as Amazon, Apple, Facebook, and Google engage in anti-competitive behavior. According to the report, “To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.”

This combination of 2019-2020 photos shows Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Goog

Apple App Store Revenue Jumped 31% Last Quarter

A new report states that tech giant Apple enjoyed a massive 31 percent spike in App Store revenue year-over-year in Q3, jumping from $14.5 billion last year to $19 billion this year. TikTok has emerged as the highest-earning non-game app on both the Apple and Google app stores.

Tim Cook CEO of Apple laughing