Tag #Antitrust

Showing 133 to 144 of 329 results

nos.nl

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May 1, 16:13

Apple Faces Contempt of Court Charges for Defying App Store Ruling

A US court held Apple in contempt for violating a 2021 order to end anti-competitive App Store practices, potentially criminally charging a manager for perjury; Apple imposed a 27% commission on outside purchases, defying the court's mandate to allow developers to direct users to cheaper alternative...

Apple Faces Contempt of Court Charges for Defying App Store Ruling

A US court held Apple in contempt for violating a 2021 order to end anti-competitive App Store practices, potentially criminally charging a manager for perjury; Apple imposed a 27% commission on outside purchases, defying the court's mandate to allow developers to direct users to cheaper alternative...

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How did Apple's 27% commission on external purchases contribute to the court's finding of contempt?

Apple's non-compliance stems from its implementation of a 27% commission on purchases outside the App Store, deemed by the court as an anti-competitive measure designed to deter users from cheaper alternatives. This decision connects to broader concerns about Apple's monopolistic practices and impacts developers' profitability and consumer choice. The court's action underscores the growing global scrutiny of tech giants' business models.

theguardian.com

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May 1, 07:15

Apple Found in Contempt of Court for Antitrust Violations

A US judge found Apple in contempt of court for violating an antitrust injunction, referring the company and an executive to federal prosecutors for a criminal contempt investigation following the Epic Games lawsuit; Apple was ordered to allow greater competition in its App Store, but failed to comp...

Apple Found in Contempt of Court for Antitrust Violations

A US judge found Apple in contempt of court for violating an antitrust injunction, referring the company and an executive to federal prosecutors for a criminal contempt investigation following the Epic Games lawsuit; Apple was ordered to allow greater competition in its App Store, but failed to comp...

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What are the immediate consequences of Apple's violation of the court order regarding its App Store?

Apple has been found in contempt of court for violating a US antitrust injunction, stemming from a lawsuit by Epic Games. Judge Yvonne Gonzalez Rogers ordered Apple to allow greater competition in its App Store, but Apple failed to comply, leading to a referral to federal prosecutors for a criminal contempt investigation. This includes Apple executive Alex Roman, accused of misleading testimony.

us.cnn.com

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May 1, 07:15

Apple Faces Criminal Contempt Investigation for App Store Antitrust Violation

A US judge ruled Apple violated a court order to increase App Store competition, referring the company to federal prosecutors for a criminal contempt investigation following its failure to comply with a 2021 injunction in an Epic Games antitrust lawsuit.

Apple Faces Criminal Contempt Investigation for App Store Antitrust Violation

A US judge ruled Apple violated a court order to increase App Store competition, referring the company to federal prosecutors for a criminal contempt investigation following its failure to comply with a 2021 injunction in an Epic Games antitrust lawsuit.

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What are the immediate consequences of Apple's violation of the court order regarding its App Store?

On Wednesday, a US judge ruled that Apple violated a court order to increase competition in its App Store, referring the case to federal prosecutors for a criminal contempt investigation. The judge found Apple non-compliant with a prior injunction stemming from an antitrust lawsuit, citing Apple's continued interference with competition as unacceptable. This follows a 2021 ruling against Apple for violating California competition law.

bbc.com

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May 1, 07:15

Apple Found in Contempt of Court in Epic Games Case

A US District Judge found Apple in contempt of court for violating a 2021 injunction in the Epic Games case, which aimed to prevent anti-competitive practices within Apple's App Store; the judge is referring the matter for potential criminal contempt proceedings, and Apple stated they disagree and w...

Apple Found in Contempt of Court in Epic Games Case

A US District Judge found Apple in contempt of court for violating a 2021 injunction in the Epic Games case, which aimed to prevent anti-competitive practices within Apple's App Store; the judge is referring the matter for potential criminal contempt proceedings, and Apple stated they disagree and w...

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What are the immediate consequences of the court finding Apple in contempt of the Epic Games injunction?

A US District Judge found Apple wilfully violated a court injunction in the Epic Games case, leading to a referral for potential criminal contempt proceedings. The injunction, stemming from a 2021 ruling, prevented anti-competitive practices and mandated external payment options within the App Store. Apple stated they disagree and will appeal.

theguardian.com

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Apr 30, 22:13

Meta's Q1 2025 Earnings: AI Investment, Antitrust Trial Cloud Outlook

Meta's first-quarter 2025 earnings report, expected on April 30th, will reveal whether the company met revenue goals of $39.5bn-$41.8bn, amid a $65bn AI investment, antitrust concerns, and uncertainty about the impact of tariffs.

Meta's Q1 2025 Earnings: AI Investment, Antitrust Trial Cloud Outlook

Meta's first-quarter 2025 earnings report, expected on April 30th, will reveal whether the company met revenue goals of $39.5bn-$41.8bn, amid a $65bn AI investment, antitrust concerns, and uncertainty about the impact of tariffs.

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What are the key factors influencing investor expectations for Meta's first-quarter earnings, and what is their immediate impact on the company's financial outlook?

Meta is set to report its first-quarter earnings on April 30th, 2025, with Wall Street projecting $41.36 billion in revenue and $5.21 in earnings per share. The company's $65 billion AI infrastructure investment by 2025 and uncertainty around Donald Trump's tariffs are key factors influencing investor sentiment. Meta's recent launch of a standalone AI app and integration of AI chatbots into its platforms are also significant developments.

nos.nl

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Apr 27, 22:12

EU Fines Apple and Meta €700 Million for DMA Violations

The European Union imposed €500 million and €200 million fines on Apple and Meta, respectively, for violating the Digital Markets Act (DMA) within one year of its implementation, demonstrating a swift response to curb tech giants' power and promote competition.

EU Fines Apple and Meta €700 Million for DMA Violations

The European Union imposed €500 million and €200 million fines on Apple and Meta, respectively, for violating the Digital Markets Act (DMA) within one year of its implementation, demonstrating a swift response to curb tech giants' power and promote competition.

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How do the EU's actions against tech giants compare to similar efforts in the US, and what are the differing strategies employed?

The EU's swift enforcement of the DMA reflects a global trend of increased scrutiny of tech giants' monopolistic practices. The actions against Apple and Meta follow similar investigations in the US, where authorities are exploring measures like breaking up companies to increase competition. This demonstrates a growing international consensus on the need to regulate the power of tech companies.

lefigaro.fr

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May 1, 16:13

Judge Orders Apple to End App Store Commissions, Referrals for Criminal Charges Possible

A US federal judge ordered Apple to stop charging commissions on transactions outside its app store and cease dissuading users from alternative app stores, following a three-year-old ruling stemming from an Epic Games lawsuit alleging anti-competitive practices; the judge referred the matter to the ...

Judge Orders Apple to End App Store Commissions, Referrals for Criminal Charges Possible

A US federal judge ordered Apple to stop charging commissions on transactions outside its app store and cease dissuading users from alternative app stores, following a three-year-old ruling stemming from an Epic Games lawsuit alleging anti-competitive practices; the judge referred the matter to the ...

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What are the immediate consequences of the judge's ruling on Apple's app store practices and revenue?

A US federal judge in Oakland, California, has accused Apple of failing to comply with a ruling from over three years ago mandating the opening of its iPhone to competing app stores. The ruling stemmed from a lawsuit by Epic Games, which accused Apple of anti-competitive practices and excessive commissions. Apple has now been ordered to cease all commissions on transactions outside its app store and refrain from dissuading users from using alternative app stores.

theglobeandmail.com

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May 1, 07:15

Couche-Tard Gains Access to Seven & i Financial Data in Takeover Bid

Alimentation Couche-Tard Inc. gained access to Seven & i Holdings Co.'s financial data after signing a non-disclosure agreement, a critical step in its US$52-billion takeover bid for the Japanese convenience store giant, despite concerns about antitrust regulations and the planned divestiture of app...

Couche-Tard Gains Access to Seven & i Financial Data in Takeover Bid

Alimentation Couche-Tard Inc. gained access to Seven & i Holdings Co.'s financial data after signing a non-disclosure agreement, a critical step in its US$52-billion takeover bid for the Japanese convenience store giant, despite concerns about antitrust regulations and the planned divestiture of app...

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What immediate impact does the non-disclosure agreement have on Couche-Tard's takeover bid for Seven & i Holdings?

Alimentation Couche-Tard Inc. has secured access to Seven & i Holdings Co.'s financial data, a crucial step in its takeover bid. This follows months of negotiations and allows Couche-Tard to proceed with due diligence and regulatory discussions. A standstill agreement prevents Couche-Tard from hostile actions during negotiations.

edition.cnn.com

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May 1, 07:15

Apple Found in Contempt of Court Over App Store Antitrust Injunction

A US judge found Apple in contempt of court for violating an antitrust injunction related to its App Store payment system and referred the company to federal prosecutors for a criminal contempt investigation following a lawsuit by Epic Games.

Apple Found in Contempt of Court Over App Store Antitrust Injunction

A US judge found Apple in contempt of court for violating an antitrust injunction related to its App Store payment system and referred the company to federal prosecutors for a criminal contempt investigation following a lawsuit by Epic Games.

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What are the immediate consequences of Apple's violation of the court order regarding its App Store practices?

On Wednesday, a US judge ruled that Apple violated a court order to increase competition in its App Store, referring the company to federal prosecutors for a potential criminal contempt investigation. The judge stated Apple failed to comply with the injunction, imposed in an antitrust lawsuit, and that its actions will not be tolerated. Apple has been ordered to allow developers more freedom to direct users to alternative payment options.

repubblica.it

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May 1, 19:18

Italy Cracks Down on Unpaid Ticket Resale Fines

Italy's new decree mandates blocking online ticket resale platforms with unpaid fines exceeding €1 million, addressing a loophole in previous legislation targeting inflated ticket prices, such as Viagogo's €40 million in unpaid fines.

Italy Cracks Down on Unpaid Ticket Resale Fines

Italy's new decree mandates blocking online ticket resale platforms with unpaid fines exceeding €1 million, addressing a loophole in previous legislation targeting inflated ticket prices, such as Viagogo's €40 million in unpaid fines.

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What is the impact of Italy's new law on online ticket resale platforms that have not paid significant fines?

A new Italian law mandates the blocking of websites facilitating inflated ticket resale if they haven't paid at least €1 million in fines. This addresses a loophole, as platforms were previously fined but hadn't paid, hindering enforcement. The law ensures fines are paid before any legal challenges are exhausted.

nos.nl

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Apr 27, 19:16

EU Fines Apple and Meta €700 Million Under New Digital Markets Act

The European Union levied €500 million and €200 million fines on Apple and Meta, respectively, for violating the Digital Markets Act (DMA) within a year of its implementation, showcasing rapid regulatory action against tech giants' market dominance and setting a precedent for global tech regulation.

EU Fines Apple and Meta €700 Million Under New Digital Markets Act

The European Union levied €500 million and €200 million fines on Apple and Meta, respectively, for violating the Digital Markets Act (DMA) within a year of its implementation, showcasing rapid regulatory action against tech giants' market dominance and setting a precedent for global tech regulation.

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How do the EU's actions against Apple and Meta relate to broader global efforts to regulate the power of large tech companies?

The DMA's swift enforcement reflects a growing global concern over the monopolistic practices of major tech firms. The EU's actions, coupled with similar investigations in the US, indicate a concerted effort to dismantle anti-competitive behaviors. For instance, the US is considering breaking up Google, mirroring earlier EU actions resulting in a €4.3 billion fine in 2018. The fines and investigations aim to foster greater competition and consumer choice.

elpais.com

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Apr 25, 04:12

Alphabet Q1 2025: Record Profits Driven by AI and Cloud Computing

Alphabet reported record Q1 2025 revenue of \$90.234 billion (12% increase) and profit of \$34.540 billion (46% increase), driven by AI-powered cloud computing growth (28% to \$12.260 billion) and digital advertising (8.5% to \$66.685 billion), despite a recent monopolistic practices ruling.

Alphabet Q1 2025: Record Profits Driven by AI and Cloud Computing

Alphabet reported record Q1 2025 revenue of \$90.234 billion (12% increase) and profit of \$34.540 billion (46% increase), driven by AI-powered cloud computing growth (28% to \$12.260 billion) and digital advertising (8.5% to \$66.685 billion), despite a recent monopolistic practices ruling.

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What are the key factors driving Alphabet's record-breaking Q1 2025 financial results, and what are the immediate implications?

Alphabet, Google's parent company, exceeded revenue and profit expectations in Q1 2025, reaching \$90.234 billion in revenue (a 12% increase) and \$34.540 billion in profit (a 46% surge). This success is attributed to strong performance in digital advertising and cloud computing, particularly boosted by AI advancements. A significant \$70 billion stock buyback plan was also announced.

Showing 133 to 144 of 329 results