antitrust - Tech News from Simmons Systems (Page 9)

Tech News from Simmons Systems

antitrust

A collection of 153 posts

Google Buys Fitbit for $2.1 Billion to Rival Apple

Alphabet agrees to acquire Fitbit for $2.1 billion in cash to boost its wearable technology and compete directly with Apple. Lawmakers immediately raise serious privacy and antitrust concerns regarding the massive deal.

All 50 US States Launch Joint Antitrust Probe Into Google

A bipartisan coalition of 50 state attorneys general opens a major antitrust investigation into Google's search and advertising practices. The inquiry adds to growing federal efforts to curb the market dominance of major technology companies.

Bipartisan Coalition of 50 Attorneys General Launches Google Antitrust Investigation

A coalition of 50 state and territorial attorneys general opens a major bipartisan antitrust probe into Google's business practices. The investigation focuses on the tech giant's dominance in the online advertising market and its use of consumer data.

T-Mobile and Sprint Secure Justice Department Approval for Landmark Merger

T-Mobile and Sprint receive long-awaited approval from the Justice Department to merge, creating a massive new wireless carrier. The deal includes concessions to boost competition by allowing Dish Network to build a rival network.

Justice Department Clears T-Mobile and Sprint Merger With Major Conditions

The DOJ approves the $26 billion T-Mobile and Sprint merger after requiring the companies to sell assets to Dish Network to preserve market competition. Despite this federal agreement, the deal still faces a significant legal block from a coalition of state attorneys general.

Facebook Stock Rises Despite Record $5 Billion FTC Fine

Facebook beats Q2 earnings expectations with $16.9 billion in revenue just hours after agreeing to a historic $5 billion FTC penalty. However, the company faces fresh antitrust investigations from both the FTC and the Department of Justice.

Facebook Beats Earnings Expectations Amid Costly FTC Settlement

Facebook reports stronger than expected second quarter earnings and revenue, even as it absorbs a $2 billion charge from a record $5 billion FTC privacy settlement. The tech giant sees continued advertising growth but warns that new compliance efforts impact product development.

department of justice

Justice Department Launches Broad Antitrust Review of Big Tech Platforms

The U.S. Justice Department initiates a sweeping antitrust investigation into major online platforms to determine if they stifle competition and harm consumers. The review broadly targets search engines, social media networks, and online retail services.

justice department

Justice Department Launches Broad Antitrust Review of Major Tech Firms

The US Justice Department announces a major antitrust investigation into how large technology companies dominate their markets. This sweeping review examines whether these giant platforms engage in anti-competitive practices that harm consumers.

department of justice

Justice Department Launches Broad Antitrust Review of Major Tech Platforms

The U.S. Department of Justice initiates a sweeping antitrust investigation into large technology companies, causing immediate drops in tech stock prices. The review focuses on market competition, stifled innovation, and the massive amount of consumer data controlled by these online platforms.

Facebook Uses China Fears to Defend Against Antitrust and Libra Opposition

Facebook executives argue that breaking up the company or blocking its Libra cryptocurrency hands a strategic advantage to Chinese tech firms. This talking point serves as a primary defense during recent congressional hearings.

FTC Approves $5 Billion Facebook Privacy Settlement Amid Partisan Divide

The Federal Trade Commission ends its privacy probe into Facebook with a $5 billion settlement that critics call a mere wrist-slap. The deal includes new privacy restrictions but falls short of the stricter oversight Democratic commissioners demanded.