Antitrust
Breaking up Big Tech in focus as new U.S. antitrust bills introduced
The U.S. Capitol is seen at sunrise. Washington, U.S. January 11, 2021. REUTERS/Erin Scott A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of …
Apple’s App Store Draws E.U. Antitrust Charge
This week, Apple flexed its power by introducing a software update that gave customers more power to block data tracking by apps, a change that has started a feud with Facebook, which has criticized the move as anticompetitive because it will harm the ability to sell online advertising. Companies are increasingly pushing regulators and courts …
EU Accuses Apple of Breaking Antitrust Laws With App Store Rules
The EU’s antitrust chief accused Apple of breaching competition law with its App Store rules. The accusation centers around music streaming apps, and the investigation was prompted by a complaint from Spotify. Apple takes a commission on in-app payments while simultaneously competing with them through Apple Music. See more stories on Insider’s business page. The …
Antitrust Scrutiny Hits China Technology, Internet ETFs
Chinese technology sector-related exchange traded funds have come under increased pressure as China’s antitrust regulator aimed its sights on several internet names. Over the past month, the Invesco China Technology ETF (NYSEArca: CQQQ) declined 13.5%, and the KraneShares CSI China Internet Fund (NasdaqGM: KWEB) decreased 14.4%, while the broader Xtrackers CSI 300 China A-Shares ETF …
Apple faces antitrust probe in the UK over App Store policies
A person holds a smartphone in front of ‘Available on the App Store’ words and the Apple logo. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images LONDON — The U.K.’s competition regulator on Thursday launched an antitrust investigation into Apple. The Competition and Markets Authority said it would investigate Apple over complaints from …
Winston & Strawn Launches New Technology Antitrust Group
CHICAGO, Feb. 3, 2021 /PRNewswire/ — The global law firm of Winston & Strawn LLP today announced the formation of a new, fully integrated Technology Antitrust Group. A dedicated team within Winston’s Antitrust/Competition Practice, this group works in collaboration with the firm’s Intellectual Property (IP) Practice, Corporate M&A Practice, and the Technology, New Media, and Telecommunications …
China launches antitrust probe into technology giant Alibaba | E-Commerce News
China has launched an antitrust investigation into Alibaba Group and will summon the technology giant’s Ant Group affiliate to meet in the coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and financial technology empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet …
China Opens Antitrust Investigation Into Alibaba, the E-Commerce Giant
China’s market regulator said on Thursday that it had opened an antimonopoly investigation into the e-commerce giant Alibaba, ratcheting up the government’s scrutiny of one of the world’s most valuable internet companies. In a terse statement, the State Administration for Market Regulation said it had started the investigation amid reports that Alibaba had engaged in …
More than 30 states charge Google with an antitrust lawsuit over search manipulation
The lawsuit marks the third competition case that U.S. regulators have filed against the search-and-advertising behemoth since October, reflecting the rising unease with Google’s massive profits and expansive reach — and the growing national dissatisfaction with Silicon Valley writ large. In the latest legal salvo, Democratic and Republican attorneys general from 38 states and territories …
China tech stocks tumble as regulators step up antitrust pressure
Chinese tech companies have lost almost $254bn in market value over two days as regulatory scrutiny of the country’s dominant financial technology groups following the unveiling of new antitrust rules for the sector sent stocks plunging. The tech-heavy ChiNext index in Shenzhen fell 2.9 per cent and Shanghai’s Star 50 index dropped 2.7 per cent …
