Enlarge (credit: NurPhoto | Getty) Being a global company has its perks. There’s a lot of money to be made overseas. But the biggest US tech companies are finding out that there’s also a downside: Every country where you make money is a country that could try to regulate you. It’s hard to keep track […]
Enlarge (credit: Arm) Brussels is set to launch a formal competition probe early next month into Nvidia’s planned $54 billion takeover of British chip designer Arm, after months of informal discussions between regulators and the US chip company. The investigation is likely to begin after Nvidia officially notifies the European Commission of its plan to […]
Enlarge / Facebook, Instagram, and WhatsApp are the three largest parts of Facebook’s sprawling empire… for now. (credit: Rafael Henrique | SOPA Images | LightRocket | Getty Images ) The Federal Trade Commission has refiled its lawsuit against Facebook and has included additional data that it hopes will bolster its case. The refiling is a […]
Enlarge / Amazon has experimented with physical retail for years, including this pop-up store inside a Whole Foods in Chicago, Illinois. (credit: Daniel Acker/Bloomberg ) Amazon is looking for its next conquest. After years of growth, most recently fueled in no small part by the COVID-19 pandemic that also has decimated physical retailers across the […]
Enlarge / The CMA said Facebook could deny other platforms access to GIFs because of the tie-up. (credit: Anadolu Agency | Getty Images) The UK competition regulator has called for Facebook to sell online image platform Giphy, which it bought for $400 million last year, after provisionally finding competition concerns following an in-depth investigation. The […]
Enlarge (credit: Getty Images | Erik Pronske Photography) President Joe Biden today said he will nominate Jonathan Kanter to be the assistant attorney general in charge of the Department of Justice’s antitrust division. Kanter is an attorney known for his criticism of Google and will take over the antitrust division as it considers a Biden […]
Enlarge / Lina Khan speaks to the Senate Commerce Committee on April 21, 2021, when her nomination to the FTC was being considered. (credit: Getty Images | Bloomberg) In an attempt to avoid government scrutiny, Facebook today petitioned the Federal Trade Commission to have Chair Lina Khan removed from the antitrust case against the social […]
The E. U. is a willing supporter of antitrust proceedings against tech giants. Read More
Enlarge (credit: Getty Images | Bloomberg) President Joe Biden announced his anticipated executive order today, and it’s a sweeping document that seeks to counter rising corporate consolidation and foster greater competition in everything from labor markets to mergers, banking, healthcare, device repairs, transportation, broadband, and more. “For decades, corporate consolidation has been accelerating, ” the […]
Enlarge / The Republican Party elephant symbol at the Conservative Political Action Conference in National Harbor, Maryland, on Friday, Feb. 28, 2020. (credit: Getty Images | Bloomberg ) Congressional Republicans released an antitrust plan for Big Tech yesterday with an announcement that made it clear their focus is not on boosting competition or reducing harms […]