Tag Archives: antitrust

New York Leads Multi-State Facebook Anti-Trust Probe

CNBC reports: New York State Attorney General Letitia James announced Friday she is launching a multi-state investigation into Facebook for possible antitrust violations. Facebook shares were down about 0.5% in Friday’s premarket, but did not seem to react to James’ announcement. Attorneys general of Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia will join the …

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15 States +DC Sue To Block T-Mobile/Sprint Merger

Reuters reports: Oregon has joined a multistate lawsuit to block the merger of U.S. wireless carriers T-Mobile and Sprint, the New York attorney general’s office, which is leading the lawsuit along with California, said on Monday. Fifteen states and the District of Columbia are now seeking to stop the merger, which the states argue is anticompetitive and will cost their …

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Sprint/T-Mobile Merger Gets Final Approval From DOJ

The Verge reports: The United States Justice Department has approved the $26 billion merger deal between T-Mobile and Sprint. After over a year in regulatory limbo, the merger received the green light from the last federal agency to hold out, with the Federal Communications Commission already signaling that it will approve the deal. The Justice Department finally approved the deal …

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Koch Brothers Launch Ads Against Warren’s Push To Break Up Tech Giants: “Don’t Politicize Antitrust Laws”

The Hill reports: A group backed by the Koch brothers is launching an ad campaign pushing lawmakers to reject Sen. Elizabeth Warren’s push to break up tech giants. Americans for Prosperity (AFP), a Koch-funded free market group, is running ads in Washington and in the states home to members of the Senate Judiciary Committee pushing back on Warren’s campaign proposal. …

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GOP Sen. Orrin Hatch Sics The FTC On Google

The Hill reports: Sen. Orrin Hatch (R-Utah) is calling on the Federal Trade Commission (FTC) to investigate whether Google’s search and digital advertising practices are stifling the marketplace. Hatch sent a letter to FTC Chairman Joseph Simons expressing concern about reports in recent years ranging from Google restricting competing advertising services to collecting data from users’ Gmail inbox contents. “Needless …

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Trump Blasts EU For Fining “Great Company” Google

CNBC reports: President Donald Trump said Thursday that the European Union’s antitrust ruling against Google is proof that it is taking “advantage of the U.S.” On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating system. Google has 90 …

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EU Smacks Google With Record $5B Antitrust Fine

The New York Times reports: Google was hit with a $5.1 billion fine by European antitrust officials on Wednesday for abusing its power in the smartphone market, in the region’s latest move to rein in the clout of American tech companies. The penalty of 4.34 billion euros was a record, and far larger than the €2.4 billion, or about $2.8 …

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