President-elect Donald Trump has announced key nominations that could significantly impact the regulation of cryptocurrency and Big Tech in the United States. Trump’s selection of Paul Atkins to lead the Securities and Exchange Commission (SEC) and Gail Slater to head the Justice Department’s antitrust division reflects his administration’s intention to reshape regulatory approaches in these […]
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The European Commission has imposed a record-breaking €797.72 million fine on Meta, the parent company of Facebook, for violating antitrust regulations by leveraging its dominant position in the social media market. This landmark decision marks the first instance of Meta being penalized under EU competition laws. The Basis of the Fine The fine stems from […]
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As Donald Trump anticipates a second term as U.S. president, experts suggest his administration could bring significant changes to current antitrust and regulatory policies, especially in sectors like Big Tech, mergers and acquisitions, and employment law. While Trump may continue to target Big Tech, his stance on antitrust could mark a departure from the approach […]
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The Polish Office of Competition and Consumer Protection (UOKiK) has launched an investigation into Meta, the parent company of Facebook, following recent changes to how content from Polish publishers is displayed on the platform. The UOKiK, led by President Tomasz Chróstny, is examining whether Meta’s modifications to content display could represent an abuse of its […]
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Hermes, the iconic French luxury brand known for its high-end handbags, is once again facing legal scrutiny in the United States. A group of California consumers has filed an amended complaint, revising their antitrust lawsuit that accuses Hermes of unfairly requiring customers to spend significant amounts of money on other products before being allowed to […]
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The U.S. Department of Justice (DOJ) is contemplating a historic move to break up Google, marking a critical step in the government’s ongoing antitrust case against the tech giant. This possibility comes after U.S. District Judge Amit Mehta ruled in August that Google has been operating an illegal monopoly through its search engine, stifling competition […]
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Nvidia, the leading force in artificial intelligence (AI) hardware, witnessed an extraordinary decline in its market value, losing nearly $300 billion in a single day. This marks the largest one-day drop in the company’s history, spurred by a broader sell-off in AI stocks and an escalating antitrust investigation by the U.S. Department of Justice (DOJ). […]
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Margrethe Vestager, the European Union’s formidable competition commissioner, is set to step down later this year, marking the end of a decade-long tenure that has seen her become a key figure in the regulation of global tech giants. Known for her rigorous enforcement of antitrust laws, Vestager’s departure signals a significant shift in the EU’s […]
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In a significant legal development, the District of Columbia’s antitrust case against Amazon has been revived by the DC Court of Appeals. The case, originally filed by former DC Attorney General Karl Racine in 2021, alleges that Amazon’s business practices unlawfully stifle competition and inflate prices on rival platforms. The lawsuit was dismissed in 2022 […]
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In a significant move that could reshape the technology landscape, the U.S. Department of Justice (DoJ) is reportedly considering breaking up Alphabet’s Google after a federal judge ruled that the tech giant had illegally monopolized the online search market. According to reports from the New York Times and Bloomberg News, among the potential remedies being […]
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