monopoly

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US Sues Apple, Alleges an Illegal Monopoly

Justice Department says the iPhone maker stifles competition

(Newser) - The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation, per the AP . The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the...

Millions Are About to Receive Some Cash From Google

Company agrees to $700M settlement with consumers, states on high fees for app developers

(Newser) - More than 100 million consumers are eligible to receive funds from Google as part of an antitrust payout worth $700 million over fees Google charged in its app store. Per settlement terms released Monday , the tech giant will deposit $630 million into a fund that will dole out compensation to...

Her 2017 Academic Paper Previewed Big Amazon Fight
Her Academic Paper Set
Stage for Epic Amazon Fight
the rundown
Sep 26, 2023 12:41 PM CDT

Her Academic Paper Set Stage for Epic Amazon Fight

FTC chief Lina Khan is going after Jeff Bezos' company as a monopoly

(Newser) - The feds and 17 states are going after Amazon in a long-anticipated legal fight that could take years to play out. And for Federal Trade Commission chief Lina Khan, the fight is a long time coming. As the New York Times notes, she first came to national attention as a...

Feds, States Bring Huge Monopoly Suit Against Amazon

FTC, 17 states say Jeff Bezos' company is an illegal operation

(Newser) - The Federal Trade Commission and 17 state attorneys general filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers, and stifle competition. The lawsuit, filed in US District Court for the Western District of...

Largest Antitrust Trial in US in 25 Years Is About to Kick Off

Justice Department takes on Google over its search engine dominance

(Newser) - Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged...

Judge Rejects FTC Move to Halt $69B Microsoft-Activision Deal

With clock ticking to get the deal closed, court hands Microsoft a major victory

(Newser) - A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. US District Judge Jacqueline Scott Corley said in a ruling that the Federal Trade Commission "has not shown a likelihood it will prevail on its...

Tennessee AG Isn't Shaking Off Ticketmaster's Swift Debacle

Jonathan Skrmetti looking into consumer complaints on Ticketmaster sales for singer's tour

(Newser) - The Ticketmaster fumble on Tuesday during sales for Taylor Swift's Eras Tour wasn't just an annoyance for fans—it was a bungle that's caught the attention of Tennessee's attorney general. At a Wednesday video news conference, AG Jonathan Skrmetti announced that, due to multiple consumer complaints...

10 States Make a Big Accusation Against 'Goliath'

Texas Attorney General Ken Paxton lines up a lawsuit

(Newser) - Texas Attorney General Ken Paxton on Wednesday announced a multistate lawsuit against Google, accusing the search giant of "anti-competitive conduct" in the online advertising industry, the AP reports. Paxton said Google is using its "monopolistic power" to control pricing of online advertisements, fixing the market in its favor...

Shkreli Once Again in Hot Water Over Pricey Drug

'Pharma Bro' sued by FTC, New York AG over Daraprim

(Newser) - Martin Shkreli's original controversy is back in the headlines. The disgraced CEO of Turing Pharmaceuticals first gained infamy back in 2015 when his company jacked the price of Daraprim, a lifesaving drug that treats the parasitic infection toxoplasmosis, by 5,000%. Then he went to prison over an unrelated...

Warren: Time to Bust Up Google, Amazon

Presidential candidate is going after the giants of tech

(Newser) - Elizabeth Warren wants a fair playing field in the marketplace—and she's going after Big Tech to make it happen. "To restore the balance of power in our democracy, to promote competition, and to ensure that the next generation of technology innovation is as vibrant as the last,...

We Should All Be Worried About Barnes & Noble
We Should All Be Worried
About Barnes & Noble
OPINION
May 7, 2018 12:07 PM CDT

We Should All Be Worried About Barnes & Noble

David Leonhardt: It's in the country's best interest for the chain to thrive

(Newser) - Barnes & Noble is in real danger of disappearing, and that has David Leonhardt of the New York Times worried. This isn't just a case of a corporate giant being unable to keep up with the new age, he writes. It's the result of a misguided government policy...

There's a Cheaper 'EpiPen,' but There's a Catch

Most people aren't trained on more-affordable Adrenaclick, which could lead to injuries

(Newser) - Not since Martin Shkreli has there been such outrage over the spiking costs of a life-saving device or drug. Mylan, the maker of the EpiPen, has bumped up costs by almost 500% over the past few years, and because the drugmaker enjoys a near-monopoly on the epinephrine-delivering device—the AP...

Ohio Pot Vote Could Make Nick Lachey Very Rich

But critics of legalization amendment say it would create a growers' monopoly

(Newser) - Ohio pot advocate Don Wirtshafter has been an enthusiastic smoker for nearly 50 years. But as his state heads to the polls Tuesday to vote on Issue 3, a constitutional amendment to legalize marijuana for both medical and recreational use, he says he won't vote for it, the New ...

The Internet's Workforce Is Faceless

We've forgotten that huge deals have a human toll: George Packer

(Newser) - Early 20th-century America had its factory workers; later decades had store employees. But today's Internet economy hides the faces of its workers, writes George Packer in the New Yorker . "Amazon’s workforce is made up mainly of computer engineers and warehouse workers, but when you think of Amazon...

On What Planet Is the Comcast Merger OK?
On What Planet Is
the Comcast Merger OK?
OPINION
Feb 17, 2014 12:44 PM CST

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already...

Justice Dept. Sues to Block AT&T's Bid to Buy T-Mobile

Says combining No. 2 and No. 4 carrier would raise prices

(Newser) - AT&T tried to sugarcoat its $39 billion deal to buy T-Mobile USA by announcing this morning that it would, as a result of the merger, return 5,000 call-center jobs to US shores. But it still wasn't sweet enough for the Justice Department, which has filed suit to...

Dear Feds: Don't You Dare Let AT&T Buy T-Mobile

Say goodbye to competition, hello to gouging

(Newser) - AT&T's bid to buy T-Mobile is brilliant, writes Brett Arends for MarketWatch —for AT&T. For everyone else, it's "disastrous," if not downright anticompetitive. "It will let AT&T shut down a competitor, jack up prices, and save on customer service," he writes in...

Egyptian Rage Falls Hard on Mubarak Crony

Steel oligarch, became symbol of cronyism

(Newser) - The violence and popular wrath rumbling through Egypt are falling hard against Ahmed Ezz, a steel oligarch with a near-monopoly and a close friendship with Hosni Mubarak's son. Ezz's Cairo digs was torched three times, and popular resentment against Mubarak cronies is reaching critical mass—now Ezz finds his assets...

Apple May Face Anti-Trust Action

The Adobe-Apple application saga continues

(Newser) - Steve Jobs may regret dissing Flash . Anti-trust regulators are investigating whether Apple violated the law by ordering developers to use Apple-made tools to build applications for the iPhone and iPad . An anti-trust case would be an odd twist for Apple, the firm that once asked regulators to slay tech Goliaths...

With New OS, Google Looks More Like a Monopoly
With New OS, Google Looks More Like a Monopoly
OPINION
Jul 9, 2009 9:36 AM CDT

With New OS, Google Looks More Like a Monopoly

(Newser) - Google’s latest project, a Web-based lightweight OS to rival Windows, sounds pretty cool at first. “But that’s why you should be worried,” writes David Lazarus of the Los Angeles Times. The search giant has simply become too powerful for comfort. “Google accounts for an ungodly...

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