Google and subsidiary YouTube has been hit with a record $170 million fine by the Federal Trade Commission, to settle allegations the search company violated a law protecting children’s privacy. The fine is split into $136 million paid to the FTC and $34 million to New York, to end the investigation by the FTC and […]
WASHINGTON (Reuters) – Executives from tech giants Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O), Facebook Inc (FB.O) and Alphabet’s Google (GOOGL.O) go before the House Judiciary Committee’s antitrust panel Tuesday to discuss competition in online markets. The committee is likely to discuss antitrust probes of the four companies under way at the Justice Department and Federal […]
“Yesterday, the Supreme Court handed Apple a major defeat in an antitrust case,” Adi Robertson reports for The Verge. “A group of iOS users claimed Apple had unfairly driven up app prices with its locked-down App Store. Apple argued that the users had no right to sue since they were actually buying apps from developers […]
The Supreme Court on Monday ruled 5-4 against Apple in a case involving its signature electronic marketplace, the App Store, allowing iPhone users to move forward with their suit against the company,” Tucker Higgins reports for CNBC. “The opinion was authored by Justice Brett Kavanaugh.” “Shares of Apple, already battered by trade concerns, were down […]
