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Jul 11 2023
News
Microsoft, Activision deal could close within days
The judge’s ruling allows the tech company to move ahead with its plans to acquire the developer behind popular games like “Call of Duty” and “World of Warcraft.” The FTC argued the merger could harm competition in the market if Microsoft, the company behind the Xbox game system, had control over popular video game franchises. District Judge Jacqueline Scott Corley, however, wrote that the FTC
The HillOct 12 2023
News
Forbes Daily: Birkenstock Flops In IPO, Bucking Trend
This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. How many times have you bought tickets to see your favorite artist in concert, only to see the price jump during checkout because of service fees? That surprise cost may be a thing of the past as President Joe Biden announced a new rule the FTC is proposing to ban “junk fees.”
ForbesSep 27 2023
News
Senate Dems ramp up calls for Menendez's resignation
HAPPENING NOW — POLITICO’s AI and Tech Summit, kicking off with an interview of FTC Chair LINA KHAN, followed by conversations with Rep. TED LIEU (D-Calif) and the CIA’s Director of AI LAKSHMI RAMAN. Watch live THE ‘RESIGN NOW’ CHORUS GROWS — Indicted Sen. BOB MENENDEZ (D-N.J.) pleaded not guilty before a New York federal judge this morning on charges stemming from an alleged bribery
PoliticoSep 26 2023
News
U.S. sues Amazon for illegally maintaining ‘monopolistic control’ of etailers, consumers: lawsuit
The Federal Trade Commission is suing Amazon.com, accusing the online retail giant in a landmark lawsuit of anti-competitive business practices implemented to illegally retain “monopolistic control.” Attorneys general from 17 different states joined the FTC in filing the lawsuit on Tuesday in U.S. District Court for the Western District of Washington. It marks the government’s fiercest
New York Daily NewsSep 26 2023
News
Bombshell Amazon Lawsuit: NH AG Among Those Alleging Illegalities
The lawsuit contends that Amazon’s actions allow it to keep rivals and sellers from lowering prices, degrade shopper experiences, overcharge sellers and prevent rival businesses from fairly competing against the company. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens
Patch.comSep 26 2023
News
Amazon faces new crackdown
The lawsuit targeting Amazon is twofold and builds on the government’s crackdown on the market power of powerful tech companies. The partially redacted 172-page complaint alleges the e-commerce giant’s practices are anti-competitive in how they affect shoppers and third-party sellers on the site. The government alleges that Amazon uses anti-competitive measures that punish sellers and deter
The HillJul 12 2023
News
Here's The Thing About How The Microsoft Activision Deal Affects You: It Doesn't
On Tuesday, news broke that the FTC had lost its case against Microsoft over the Activision Blizzard deal, and no injunction will be filed preventing the deal from going forward. While the FTC still may appeal, the UK’s CMA, the only other regulatory body to not approve the deal, is now talking with Microsoft about compromises, and yes, the $69 billion acquisition is all but over. There’s
ForbesSep 26 2023
News
Rhode Island Part Of Bombshell Federal Lawsuit Against Amazon
The lawsuit contends that Amazon’s actions allow it to keep rivals and sellers from lowering prices, degrade shopper experiences, overcharge sellers and prevent rival businesses from fairly competing against the company. "The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens
Patch.comSep 26 2023
News
MI Part Of Bombshell Federal Lawsuit Against Amazon
The lawsuit contends that Amazon’s actions allow it to keep rivals and sellers from lowering prices, degrade shopper experiences, overcharge sellers and prevent rival businesses from fairly competing against the company. "The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens
Patch.comSep 26 2023
News
PA Part Of Bombshell Federal Lawsuit Against Amazon
The lawsuit contends that Amazon’s actions allow it to keep rivals and sellers from lowering prices, degrade shopper experiences, overcharge sellers and prevent rival businesses from fairly competing against the company. “The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens
Patch.com