Antitrust case

Meta Platforms Inc. (NASDAQ:META) urged a federal judge to dismiss the significant antitrust case filed by the Federal Trade Commission (FTC) during an ongoing trial that could potentially lead to the breakup of the tech behemoth. What Happened: Meta has requested the court to dismiss the FTC...

In a landmark antitrust trial, Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg took the stand on Monday. During his testimony, Zuckerberg disclosed a previously unimplemented plan to reset all Facebook users’ connections in 2022. What Happened: The U.S. government summoned Zuckerberg to...

The antitrust trial against Google by Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) has started, and Sen. Rand Paul (R-Ky.) has shown his support for the tech giant. What Happened: Paul described U.S. antitrust policies as being “misused and abused” and defended Google’s business...

U.S. antitrust authorities have reportedly initiated an early-stage investigation into NVIDIA Corp. (NASDAQ:NVDA) over its potential dominance in the artificial intelligence chip market. What Happened: The Justice Department’s antitrust division has contacted Nvidia to inquire about its...

Apple Inc. (NASDAQ:AAPL) may be facing potential fallout from Google‘s recent antitrust defeat in court. What Happened: A federal judge ruled against Google’s parent Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) in a significant antitrust case. The case revolved around Google’s...

The National Football League faces approximately $4.7 billion in damages, potentially tripling to $14 billion under federal law, after losing a jury trial over anticompetitive aspects of its Sunday Ticket broadcast package. What Happened: The verdict was handed down on Thursday by a federal court...

Jeff Bezos, the founder of Amazon.com Inc. (NASDAQ:AMZN), faced intense questioning by the Federal Trade Commission or FTC over his alleged use of the encrypted messaging app Signal and its auto-delete feature. What Happened: Last week, FTC accused Bezos and other top...

An internal email from Microsoft Corp. (NASDAQ:MSFT) has surfaced, indicating that the company’s investment in ChatGPT-parent OpenAI was driven by concerns about falling behind Alphabet Inc.’s (NASDAQ:GOOGL) AI capabilities. What Happened: The email, disclosed as part of the Justice ...

In 2021, Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, led by Sundar Pichai, reportedly paid $26.3 billion to various partners, including Apple Inc. (NASDAQ:AAPL), to maintain its default search engine status on browsers and mobile devices. What Happened: ...

The Federal Trade Commission (FTC) is coming down hard on Big Tech. President Joe Biden-appointed commissioner Lina Khan is expected to soon file a new antitrust lawsuit against Amazon.com, Inc. (NASDAQ:AMZN) that risks breaking apart some parts of the company. The FTC recently lost an antitrust...

Major Wall Street indices closed in the green on Monday after investors and traders began the week on an optimistic note following the worst trading week this year. Easing bond yields too added to the optimism. The Nasdaq Composite closed 0.63% higher, while the S&P 500 closed 0.31% up. The Dow...