The US tech giant Meta — formerly Facebook — dodged a bullet on Tuesday when US District Judge James Boasberg ruled in its favor in a major antitrust case filed by the US Federal Trade Commission (FTC) in 2020 and ending in May.The case posed an existential challenge to the company, charging that it had […]
Google hit with $3.5 billion EU fine (AP) European Union regulators on Friday fined Google 2.95 billion euros ($3.5 billion) for breaching competition rules by favoring its own digital advertising services. The penalty marks the fourth antitrust fine the tech giant has faced in the EU.The European Commission, the bloc’s executive branch and top antitrust […]
WASHINGTON: Facebook parent Meta Platforms bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the US Federal Trade Commission said at the beginning of a high-stakes trial in Washington on Monday, where US antitrust enforcers seek to unwind the deals.FTC attorney Daniel Matheson said that the unlawful […]
Social media juggernaut Meta stands trial on Monday facing serious US government allegations that it abused its market power to acquire Instagram and WhatsApp before they could become competitors. Google is facing two cases and was found guilty of search-market dominance abuse last August, while Apple and Amazon are also heading to court. WASHINGTON: Social […]
