Tag: Antitrust

Google, Facebook, Amazon, and Apple play defense in congressional antitrust probe

(Reuters) — Four top U.S. tech companies, Alphabet’s Google, Facebook, Amazon.com, and Apple, responded to questions from a congressional committee by defending their practices and declining to answer some questions. The House of Representatives Judiciary Committee, which released the answers Tuesday, had sent the queries as part of its antitrust probe of the four giants, […]

Read More

Former Google CEO Eric Schmidt warns against overregulation of AI

Former Google CEO Eric Schmidt urged cooperation with Chinese scientists, warned against the threat of misinformation, and advised against overregulation by governments today in a broad-ranging speech about AI ethics and regulation of big tech companies. He also talked about conflict deterrence between nation-states in the age of AI and pondered how secretaries of state […]

Read More

How Democrats Became the Party of Monopoly and Corruption

In 1985, the Dow Jones average jumped 27.66 percent. Making money in stocks, as a journalist put it, “was easy.” With lower interest rates, low inflation, and “takeover fever,” investors could throw a dart at a list of stocks and profit. The next year was also very good. The average gain of a Big Board […]

Read More

Zuckerberg predicts Facebook antitrust win if Warren is elected president

(Reuters) Leaked audio of Facebook CEO Mark Zuckerberg addressing questions from staff in two internal July meetings was published on Tuesday by The Verge. In the audio, Zuckerberg talks to employees about issues ranging from the possibility of U.S. lawmakers attempting to break up the company to its plans to compete with video-sharing app TikTok. […]

Read More

U.S. states launch antitrust investigation into Google

(Reuters) — Attorneys general from 48 U.S. states, the District of Columbia and Puerto Rico formally opened an antitrust probe on Monday into Alphabet’s Google, in a sign of growing government scrutiny of U.S. technology giants. Texas Attorney General Ken Paxton, who is leading the probe, said it will focus on Google’s “overarching control of […]

Read More

Google’s next antitrust headache could be its AI-driven job search

Google has hailed the power of artificial intelligence and machine learning to bring greater efficiencies to job hunting. But the tools the company has created have put it in the crosshairs of rival job sites, who are accusing the search giant of antitrust abuses. According to Reuters, a coalition of job sites has sent a […]

Read More

Apple claims App Store search rank is based on 42 factors, not self-dealing

Apple hasn’t been shy about offering third-party developers ways to boost their visibility in the iOS App Store — paid advertising placements and Apple-generated “feature” articles — but it insists that it isn’t manipulating its app search results to favor its own apps. Already facing international scrutiny for allegedly monopolistic practices with software developers, Apple […]

Read More

EU fines Qualcomm $272 million for modem antitrust violations

(Reuters) — Qualcomm, the world’s number one chipmaker, was fined 242 million euros ($272 million) by the European Commission on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust penalty. The European Commission, the EU’s competition regulator, accused Qualcomm of predatory pricing between 2009 and 2011 aimed at […]

Read More

Indian Google antitrust probe was sparked by junior researchers at India’s own competition commission

(Reuters) — Two junior Indian antitrust research associates and a law school student were behind a complaint that sparked a probe into Google’s alleged anti-competitive practices in the country, in what has become another regulatory challenge for the U.S. firm. The Competition Commission of India (CCI) ordered a full-blown investigation into Alphabet Inc’s Google in […]

Read More

Elizabeth Warren on antitrust: ‘What’s been missing is courage in Washington to take on the giants’

In the first presidential debate Wednesday, Sen. Elizabeth Warren (D-MA) defended her stance that the government should break up Google, Facebook, and Amazon. The topic came up during a discussion of corporate consolidation and antitrust laws. “We’ve had the laws out there for a long time to be able to fight back. What’s been missing […]

Read More

The Radicalization of Fiona Scott Morton

If you attend enough conferences about antitrust policy, and I’ll impress you by saying that I have, you will inevitably hear two familiar words: “chilling” and “humble.” Any effort to prosecute antitrust cases, panelists say, creates a chilling effect on investment, preventing businesses from growing and thriving; and enforcers must be humble about how they […]

Read More