India’s antitrust regulator defended its use of global turnover to calculate fines in a legal battle with Apple, arguing the approach deters multinational companies from breaching competition laws. The Competition Commission of India (CCI) told a Delhi court that relying only on India-specific revenue would fail to prevent misconduct in complex digital and cross-border markets. […]
antitrust
Amazon wants critic atop US regulatory body sidelined
Amazon on Wednesday petitioned a key US regulatory agency to have its leader left out of any antitrust matters involving the company, arguing she is biased against the company. The tech and e-commerce colossus contended that newly appointed Federal Trade Commission chair Lina Khan’s history of criticizing Amazon’s market clout makes it impossible for her […]
Facebook wins antitrust dismissal, surges to $1 trillion value
A US judge on Monday dismissed the blockbuster antitrust action against Facebook filed last year by federal and state regulators, helping lift the value of the social media giant above $1 trillion for the first time. Judge James Boasberg of the US District Court of Washington, DC dismissed the cases filed in December by the […]
US judge dismisses monopoly suit against Facebook
A judge on Monday dismissed a blockbuster antitrust suit against Facebook filed last year by federal and state regulators, saying the lawsuit failed to “plausibly” establish that the social network had created a monopoly. Judge James Boasberg of the US District Court of Washington DC dismissed the case filed in December by the Federal Trade […]
Germany opens antitrust probe against Apple
Germany on Monday opened an investigation against Apple over anti-competition practices, as the iPhone maker became the fourth US tech giant to be hit by such probes. The antitrust authority had in recent weeks opened similar investigations against Amazon, Google and Facebook under a new law that came into force in January giving regulators more […]
U.S. moving toward major antitrust probe of tech giants
The U.S. government is gearing up to investigate the massive market power of Amazon, Apple, Facebook and Google, sources told Reuters on Monday, setting up what could be an unprecedented wide-ranging probe of some of the world’s largest companies. The Federal Trade Commission and the Department of Justice, which jointly enforce antitrust laws in the […]