Google violated antitrust laws to dominate online search, rules US judge | Google
A federal judge ruled Monday that Google violated antitrust laws while building its internet search empire, in a ruling that could have a major impact on how people interact with the internet. Judge Amit Mehta found that Google had violated Section 2 of the Sherman Act, a US antitrust law, by maintaining a monopoly on […]
Apple asks judge to dismiss DOJ's antitrust lawsuit
Apple is asking a federal court to dismiss an antitrust lawsuit filed by the Department of Justice (DOJ) and 16 state attorneys general against the company for maintaining an illegal monopoly on the smartphone market. The tech giant argued in a filing on Thursday that it is not a monopoly and that its design choices […]
AI giant Nvidia faces calls from progressive groups for an antitrust probe
Dominari Financial CEO Kyle Uhl analyzes the June Producer Price Index (PPI) report and reacts to Big Tech’s worst decline since 2022 at Varney & Co. Nvidia has faced calls for an antitrust investigation from Massachusetts Democratic Senator Elizabeth Warren and several progressive groups who say Nvidia is violating antitrust laws. Artificial Intelligence (AI) The […]
$335 million UFC antitrust settlement denied in ‘unusual step’
Rebook the match. Four months after UFC and plaintiffs settled a long-running antitrust lawsuit against the mixed martial arts giant by paying past and current athletes $335 million, U.S. District Judge Richard Bowlwer in Las Vegas declined to tentatively approve the settlement terms late on Tuesday night. In a surprising move during the July 12 […]
Trump VP pick J.D. Vance supports Big Tech antitrust crackdown
Former President Donald Trump’s vice presidential nominee, J.D. Vance, has openly praised the work of Federal Trade Commission Chairwoman Lina Khan, suggesting that the commission’s broad approach to antitrust enforcement may find some level of support from a second Trump administration. Vance, a Republican senator from Ohio, joined the presidential candidates at the Republican National […]
Apple lets rivals use tap-and-go payments but still faces multiple EU antitrust probes
The European Union’s antitrust regulator said on Thursday that Apple will open up its tap-and-go mobile payments system to rivals, but its chief executive Margrethe Vestager said the iPhone maker has not yet changed its business practices to comply with groundbreaking technology rules. The company is facing three investigations under the Digital Markets Act, which […]
Microsoft, Apple nix OpenAI board seats as antitrust scrutiny mounts
Microsoft and Apple have reportedly abandoned plans to join OpenAI’s board of directors as observers, a move that comes as both tech giants face increased antitrust scrutiny in the US and Europe. Microsoft, which has invested $13 billion in CEO Sam Altman’s ChatGPT maker, notified OpenAI in a letter late Tuesday that it was giving […]
NFL ordered to pay $4.7 billion in ‘Sunday Ticket’ antitrust lawsuit
After just two days of deliberations, the jury in the NFL “Sunday Ticket” trial found the NFL had violated antitrust laws. By making “Sunday Ticket” available only on DirecTV and monopolizing the price, the jury found the league must pay about $4.7 billion to fans and an additional $96 million to bars that used the […]
NFL ordered to pay nearly $5B in Sunday Ticket antitrust case
A jury on Thursday ordered the National Football League to pay about $4.8 billion, finding the league violated antitrust laws by distributing its “Sunday Ticket” packages of out-of-market games on a single satellite television service. The months-long class action lawsuit awarded more than $4.6 billion in damages to a group of 2.4 million home subscribers […]
AI a ‘fire accelerator’ for Big Tech antitrust abuse: Andreas Mundt
Germany’s top antitrust official warned on Wednesday that the rise of advanced artificial intelligence tools will act as a “prime accelerator” for anti-competitive behaviour by big tech companies. The warning from Germany’s Federal Cartel Office chief Andreas Mundt comes as AI leaders such as Microsoft, Google and Nvidia face increased scrutiny from U.S. and European […]