Elon Musk is threatening to sue Apple over the way it ranks AI firms in its App Store. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” the billionaire wrote on his X social media…
The European Commission is reportedly likely to accept Apple’s changes to its App Store rules and fees, eliminating the threat of daily fines from the antitrust regulator. The timing of an announcement of official approval of the changes is uncertain, but could come within weeks, Reuters reported Tuesday (July 22), citing unnamed sources. Asked about…
Corning, the US-based glass manufacturer behind Gorilla Glass, has vowed to end its exclusive deals and other practices that the European Commission deemed to be anti-competitive in order to avoid getting fined. If you’ll recall, the commission announced that it was investigating Corning last year, accusing it of squashing competition with its exclusive supply agreements,…
LONDON – Britain’s competition regulator has finally come up with a plan to control Google’s huge search business, but a shift in the political wind in favor of big tech and the money it invests makes it more of a bark than a bite. The Competition and Markets Authority spent years setting up a regime…
A federal judge has strongly rebuked Apple, finding that the iPhone maker willfully violated a court injunction in an antitrust case filed by “Fortnite” maker Epic Games. U.S. District Judge Yvonne Gonzalez Rogers had ordered Apple to lower the barriers protecting its previously exclusive payment system for in-app digital transactions and allow developers to display…
The United States must preserve the ability of our greatest tech companies to compete globally. Joe Biden’s legacy Federal trade Commission (FTC) has commenced its antitrust trial against Meta. Now, the specter of a company breakup, specifically the forced sale of Instagram and WhatsApp, looms large. While its stated goal is to curb monopolistic practices…
Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, is facing off with the Federal Trade Commission on Monday, for Day 1 of a landmark antitrust trial that could result in the tech giant’s breakup. The historic trial will be the first big test of President Trump’s FTC’s ability to challenge Big Tech. The…
I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile agreed to acquire a 15.5 per cent holding in HKBN from buyout…
Hong Kong-based port operator CK Hutchison Holdings is reportedly delaying its sale of two ports on opposite sides of the Panama Canal to a U.S.-led consortium. The deal has not been called off, according to a report from the South China Morning Post. The transaction was initially expected to be signed on April 2, according…
Yet another antitrust regulator has taken issue with Apple’s in-app payment system. As Reuters reported Monday (Nov. 25), Brazil’s Cade says Apple must do away with restrictions on payment methods for in-app purchases. The regulator will also proceed with an investigation into a complaint brought two years ago by Latin American eCommerce giant MercadoLibre, accusing Apple of imposing restrictions on the distribution of digital…