Ticketmaster to face federal antitrust lawsuit: reports
The Justice Department is preparing to file a federal antitrust lawsuit against Ticketmaster’s parent company, Live Nation, according to multiple reports. wall street journal The newspaper first reported on Monday that the Justice Department plans to file an antitrust lawsuit against Live Nation in the coming weeks, citing people familiar with the matter. Live Nation […]
TicketMaster parent Live Nation facing DOJ antitrust lawsuit as soon as May: report
The Department of Justice is preparing to file an antitrust lawsuit against Live Nation next month. The Wall Street Journal reported This was disclosed on Monday, citing a person familiar with the matter. Ticketmaster, a subsidiary of Live Nation, has been accused of heavy-handed tactics and high prices for decades, but in 2022 it was […]
Warner Bros Execs Resign After DoJ Investigates Anti-Trust Violations
Two executives at Warner Bros. Discovery, Stephen Miron and Stephen Newhouse, resigned from the company’s board after being told by the Justice Department that they were being investigated for antitrust violations. Following their resignations, the Board of Directors adopted a resolution to reduce the number of directors from 13 to 11.around variety: Mr. Miron and […]
Meta asks judge to dismiss FTC antitrust case
Mehta announced Friday that the Federal Trade Commission (FTC) has failed to prove that its acquisitions of Instagram and WhatsApp harmed consumers in an antitrust case against the social media giant. asked a federal judge to dismiss the lawsuit. “From the outset, the FTC has not stated a plausible case and has done nothing to […]
Jon Stewart says Apple asked him not to interview FTC’s Lina Khan amid antitrust scrutiny
Comedian Jon Stewart has revealed that Apple once blocked a planned interview with Federal Trade Commission Chairman Lina Khan, when she was still hosting a show on the tech giant’s streaming service. The comedian said Monday’s interview on “The Daily Show” with Khan, a prominent antitrust advocate who took control of the FTC in 2021 […]
The Biden administration is picking winners and losers in Apple’s antitrust case
Do you believe the Biden administration will decide economic winners and losers? That’s what’s at stake with the Justice Department’s new policy. Antitrust lawsuit against Apple. Instead of looking out for taxpayers, the department wants to let multibillion-dollar companies freeload Apple’s business model and damage the devices you use every day. Antitrust law was enforced […]
Visa, Mastercard to lower ‘swipe fees’ in merchant antitrust suit settlement
As part of a landmark antitrust settlement with U.S. merchants, Visa and Mastercard have agreed to lower and cap credit card interchange fees, which will result in several payments over the next five years. It is estimated that tens of billions of dollars could be saved. “This settlement is the culmination of eight years of […]
Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants – Yahoo Finance
NEW YORK (AP) – Visa and Mastercard announced settlements with U.S. merchants over swipe fees. This could potentially save consumers tens of billions of dollars. Swipe fees are paid to Visa, Mastercard, and other credit card companies in exchange for enabling transactions. Merchants ultimately pass these fees on to consumers who use credit or debit […]
Why is Congress slashing funding for antitrust enforcement that protects consumers?
With all eyes on the 2024 election, President Joe Biden used this year’s State of the Union address to lay out his economic vision for America. In his speech, Biden reaffirmed his support for pro-business, pro-consumer, pro-competition policies. greedy inflation and price agreement. To make the administration’s vision a reality, it is critical that Congress […]
EU Launches Antitrust Investigations into Apple, Google, Mark Zuckerberg’s Meta
The European Commission has launched five breach investigations into whether Apple, Google and Mark Zuckerberg’s Meta comply with the antitrust laws of the new Digital Markets Act (DMA). The Verge report European Union antitrust chief Margrethe Vestager said she had expressed concern that the solutions proposed by the three tech giants may not be fully […]