Tag #Competition Law

Showing 25 to 29 of 29 results

faz.net

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Feb 6, 16:14

Record €70 Million Fine for Rewe in Austrian Antitrust Case

Austria's Supreme Court imposed a record €70 million fine on supermarket chain Rewe for failing to report a 2018 store acquisition in Wels, significantly increasing the initial €1.5 million penalty; Rewe plans legal action, citing disproportionate punishment for a formal violation.

Record €70 Million Fine for Rewe in Austrian Antitrust Case

Austria's Supreme Court imposed a record €70 million fine on supermarket chain Rewe for failing to report a 2018 store acquisition in Wels, significantly increasing the initial €1.5 million penalty; Rewe plans legal action, citing disproportionate punishment for a formal violation.

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What are the immediate implications of the €70 million fine imposed on Rewe for a non-reported store acquisition in Austria?

Rewe, Austria's largest supermarket chain after Spar, was fined €70 million by the Austrian Supreme Court for failing to report the acquisition of a store location in Wels in 2018. Rewe argues this was a mere "formal violation" resulting in no economic advantage, and the fine is disproportionately high compared to the infraction. The company plans to explore all legal options to challenge the ruling.

tr.euronews.com

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Jan 23, 19:09

Meta Modifies European Ad Policy Amid Regulatory Scrutiny

Meta altered its European pay-or-consent policy for targeted ads on Facebook and Instagram, offering a less personalized ad option or a paid ad-free subscription after facing regulatory challenges from the European Commission and consumer protection authorities; however, the European Consumer Organi...

Meta Modifies European Ad Policy Amid Regulatory Scrutiny

Meta altered its European pay-or-consent policy for targeted ads on Facebook and Instagram, offering a less personalized ad option or a paid ad-free subscription after facing regulatory challenges from the European Commission and consumer protection authorities; however, the European Consumer Organi...

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What are the core concerns raised by consumer advocates, such as the BEUC, regarding the fairness of Meta's revised policy?

The changes reflect Meta's response to regulatory scrutiny regarding compliance with the Digital Markets Act and consumer protection laws. The European Consumer Organisation (BEUC) and other consumer advocates argue that the revised policy still falls short of providing a truly fair choice for users, alleging that Meta continues to push users towards behavioral advertising. The European Data Protection Board expressed some satisfaction but the BEUC called for a swift investigation.

cnbc.com

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Dec 17, 22:11

Kanter Resigns as Head of DOJ Antitrust Division

Jonathan Kanter, head of the U.S. Department of Justice's antitrust division, resigned on Friday after a three-year term marked by aggressive enforcement against major corporations, resulting in significant legal victories but also criticism from some business groups.

Kanter Resigns as Head of DOJ Antitrust Division

Jonathan Kanter, head of the U.S. Department of Justice's antitrust division, resigned on Friday after a three-year term marked by aggressive enforcement against major corporations, resulting in significant legal victories but also criticism from some business groups.

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What is the immediate impact of Jonathan Kanter's resignation on the U.S. Department of Justice's antitrust enforcement efforts?

Jonathan Kanter, head of the U.S. Department of Justice antitrust division, resigned on Friday, ending a three-year term focused on strengthening antitrust enforcement against powerful corporations. His efforts, alongside FTC Chair Lina Khan, involved high-profile cases against major companies like Google, Apple, and Ticketmaster, resulting in significant legal victories and blocked mergers.

it.euronews.com

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Jan 24, 13:11

Meta's Ad Policy Faces Continued EU Scrutiny

Meta's revised "pay or consent" policy, launched in October 2023 and modified in November following EU regulatory pressure, allows users to pay €5.99 monthly for ad-free Facebook and Instagram access, but consumer advocates claim it still violates EU law.

Meta's Ad Policy Faces Continued EU Scrutiny

Meta's revised "pay or consent" policy, launched in October 2023 and modified in November following EU regulatory pressure, allows users to pay €5.99 monthly for ad-free Facebook and Instagram access, but consumer advocates claim it still violates EU law.

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How does Meta's "pay or consent" policy affect user data privacy and choice within the context of EU regulations?

Meta's "pay or consent" policy, launched in October 2023 and modified in November following regulatory pressure, allows users to either accept personalized ads or pay €5.99 monthly for an ad-free experience. The policy change followed concerns from European consumer protection authorities about potentially misleading or pressuring users into accepting targeted advertising.

taz.de

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Jan 8, 16:09

Meta Ends Fact-Checking, Increases Collaboration with Trump

Meta, owner of Facebook and Instagram, announced it is ending its fact-checking program and will work more closely with Donald Trump, raising concerns about the spread of misinformation and the platforms' ability to moderate harmful content.

Meta Ends Fact-Checking, Increases Collaboration with Trump

Meta, owner of Facebook and Instagram, announced it is ending its fact-checking program and will work more closely with Donald Trump, raising concerns about the spread of misinformation and the platforms' ability to moderate harmful content.

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Peace, Justice, and Strong Institutions

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How might Meta's change in policy impact the spread of disinformation on its platforms, and what are the potential consequences?

This change in policy represents a significant shift in Meta's approach to combating misinformation and harmful content. The decision to collaborate more with Trump, known for his past controversial statements, raises concerns about the potential for increased spread of disinformation on the platforms.

Showing 25 to 29 of 29 results