Latest Monopoly and antitrust News

Meta to buy VR startup Within after favorable court ruling

Feb. 06, 2023 13:44 PM EST

A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural. Federal antitrust regulators had sought to block the acquisition on the grounds that it would...

Lawsuit: Vegas Strip resorts used vendor to fix hotel rates

Jan. 26, 2023 19:46 PM EST

LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The complaint filed...

Puerto Rico selects company to privatize power generation

Jan. 25, 2023 13:04 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico privatized its electricity production on Wednesday, selecting Genera PR to take over the operation and maintenance of state power generation units in the U.S. territory as part of an initial $22.5 million annual contract. The announcement...

Justice Dept. sues Google over digital advertising dominance

Jan. 25, 2023 10:15 AM EST

WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government. The...

Meta CEO Mark Zuckerberg takes witness stand in FTC case

Dec. 20, 2022 18:23 PM EST

SAN JOSE, California (AP) — Mark Zuckerberg, the CEO of Facebook's parent company Meta, took the witness stand Tuesday in a trial over U.S. antitrust regulators' effort to stop the tech giant from buying a virtual reality startup called Within Unlimited. At issue is whether...

Amazon to make big business changes in EU settlement

Dec. 20, 2022 17:50 PM EST

Amazon will make major changes to its business practices to end competition probes in Europe by giving customers more visible choices when buying products and, for Prime members, more delivery options, European Union regulators said Tuesday. The EU's executive Commission accepted...

EU accuses Meta of antitrust breaches with classified ads

Dec. 19, 2022 08:53 AM EST

The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. In its complaint following an investigation launched last...

Penguin Random House CEO Markus Dohle is stepping down

Dec. 09, 2022 15:38 PM EST

NEW YORK (AP) — The CEO of Penguin Random House, the world's largest trade publisher, is stepping down. Markus Dohle's decision, effective at the end of the year, comes just weeks after a federal judge blocked the company's attempt to buy rival Simon & Schuster. “Following...

FTC sues to block Microsoft-Activision Blizzard $69B merger

Dec. 08, 2022 18:52 PM EST

The Federal Trade Commission on Thursday sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft’s Xbox game console and its growing games subscription business. The FTC’s challenge...

Google appeals huge Android antitrust fine to EU's top court

Dec. 01, 2022 07:19 AM EST

LONDON (AP) — Google is challenging a record European Union antitrust fine that took aim at the Android operating system's role in restricting mobile competition and consumer choice. The company said Thursday that it filed the appeal against the 4.125 billion euro ($4.3 billion)...