The Federal Trade Commission (FTC) and a coalition of 48 attorneys general filed separate lawsuits against Facebook on Dec. 9 to break up the “monopoly power” of the social media conglomerate.
Antitrust issue
China to Launch New Regulations to Curb Power of Tech Giants
China’s market regulator proposed new regulations to curb the monopolistic power of large internet companies and avoid abusive behavior in competition.
EU Antitrust Watchdog Files Charges Against Amazon Over Unfair Use of Data
EU competition commissioner Margrethe Vestager announced on Tuesday the fresh round of antitrust charges filed against e-commerce giant Amazon due to its alleged unfair usage of data which jeopardized competition for its platform’s small sellers in Germany and France.
U.S. Files Lawsuit to Block Visa’s Acquisition of Plaid
The U.S. Department of Justice filed an antitrust lawsuit with the federal court in San Francisco on Thursday to hamper Visa’s pending $5.3 billion acquisition of financial technology firm Plaid.
Italian Watchdog Opens Antitrust Investigation Into Google
The Italian antitrust authority announced on Thursday morning it had opened an investigation against Google for alleged abuse of its dominant position in the Italian online display advertising market.
South Korean Government Says Google Undermined Competition
The antitrust chief of the South Korean government said on Friday morning that the agency believes that US search juggernaut Google has “clearly” undermined competition, pointing out that the agency is planning to present a case to its review committee by the end of the year.
Google Claims Justice Department Anti-Trust Lawsuit is “Deeply Flawed”
Google said that the United States Justice Department’s antitrust lawsuit against the tech giant was “deeply flawed,” pointing out that users would find it more difficult to access superior search tools and cheap smartphones if the American government wins the case.