Meta, led by Mark Zuckerberg, requests that a judge dismiss the FTC’s antitrust lawsuit.
Meta, the company led by Mark Zuckerberg, has urged a federal judge to dismiss the FTC’s significant antitrust lawsuit. This case could potentially result in the breakup of the tech giant during the ongoing trial. On Thursday, the FTC concluded its opening arguments, asserting that Meta unlawfully dominates the social media app market that depends […]
FTC’s Appeal to Prevent Microsoft’s Purchase of Activision Blizzard Fails
FTC Loses Appeal on Microsoft’s Acquisition of Activision Blizzard The FTC has faced a setback in its efforts to block Microsoft’s $68.7 billion acquisition of Activision Blizzard. A panel from the Court of Appeals has upheld the earlier decision denying the FTC’s request for an injunction that would prevent Microsoft from completing the deal. This […]
Microsoft achieves success in FTC’s challenge to its acquisition of Activision Blizzard.
A federal appeals court has dismissed a legal challenge regarding the Federal Trade Commission’s (FTC) $69 billion acquisition of Activision Blizzard, known for the “Call of Duty” franchise. This decision was issued on Wednesday. The U.S. Circuit Court of Appeals in San Francisco upheld a lower court’s ruling, which asserted that the FTC lacked justification […]
Meta must face FTC’s antitrust suit over Instagram, WhatsApp acquisitions
Federal Trade Commission lawsuit seeks settlement with Facebook owner Metaplatforms over claims it acquired Instagram and WhatsApp to crush new competition in social media The case must go to trial, a Washington judge ruled Wednesday. Judge James Boasberg ruled against Meta's motion to end a lawsuit filed against Facebook in 2020 during the Trump administration, […]
Kamala Harris’ donors push her to oust FTC’s Khan, SEC’s Gensler: report
Wall Street allies of Kamala Harris are reportedly stepping up pressure on the Democratic presidential candidate to fire top regulators if she wins the White House. Deep-pocketed donors have repeatedly targeted progressive FTC Chair Lina Khan for allegedly disrupting deals in technology and other sectors of the economy on calls with Harris' staff and at […]
FTC’s bid to block Albertsons-Kroger merger heads to trial
EJ Antoni, public finance economist at the Heritage Foundation, discusses the possible merger between Kroger and Albertsons and the impact of the ruling on the U.S. economy. of Federal Trade Commission (FTC) A federal district court on Monday launched a lawsuit to block the $25 billion merger of Kroger and Albertsons, arguing that the deal […]
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 […]
Internal emails show FTC’s Lina Khan is trying to win by losing
Critics of progressive antitrust law believe that Federal Trade Commission (FTC) Chairwoman Lina Khan’s extraordinary losing streak in high-profile antitrust cases is intentional rather than mere incompetence. For many years, I have suspected that this is the result of a strategic strategy. Last summer, Rep. Kevin Kiley (R-Calif.) grilled Lina Khan during a hearing, asking, […]