In a high-impact legal twist, renowned financial institutions Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to jointly pay out a colossal sum of approximately $500 million, under a settlement aimed at ending a lawsuit brought by shareholders.
The legal complaint alleged that…
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Browsing Tag
monopoly
Microsoft at war with Sony
Microsoft Communications Director Frank Shaw has accused Sony of giving information that is "nothing further from the truth" to European regulatory authorities in Brussels about Call of Duty parity if the Xbox maker buys Activision.…
USA sued Google for monopoly
The United States Department of Justice filed a lawsuit against the technology giant Google for monopoly in the advertising sector, for which it asked the Court for the Eastern District of Virginia to force the company to spin off part of…
FTC confirms monopoly charge against Facebook
The United States Federal Trade Commission (FTC) filed an antitrust complaint against Facebook, which had been initially dismissed last June, alleging that the multinational resorted to an illegal scheme to acquire successful competing…
Google considered buying Epic Games
Google considered buying all or part of the Fortnite video game developer, Epic Games, for competing with its official Google Play application platform.
This is clear from court documents that were released now as part of an investigation…
Google was sued for alleged monopoly
A coalition of 37 attorneys general in the United States filed a lawsuit against Google in California for alleged monopolistic conduct in relation to its application Google Play Store.
The lawsuit is led by the Utah attorney general. It…
Google will change its public practices around the world
Google will implement changes to its global advertising system to prevent abuse of market dominance. The move is part of an unprecedented agreement by the organization with the French Antitrust Authority. The settlement also includes a fine…
Trial between Apple and Epic Games began
This week takes place the trial that faces Apple and the creator of Fortnite, Epic Games, who denounces that the former exercises monopoly practices on its official application platform, the App Store. Both companies have presented their…
Chinese government investigates tech Alibaba for monopoly practices
Alibaba, symbol of China's success in the digital economy, faces investigations carried out by the Chinese government, which is due to the fact that according to Asian authorities, the digital commerce giant has failed to carry out…
Apple works on its own search engine
Apple is working on developing its own search engine as an alternative to Google's search engine and has started adding features in iOS 14 and intensifying the work of its search bot, according to the Financial Times newspaper.
Applebot,…