Apple is facing four antitrust investigations in Europe related to its App Store. Epic Games filed a lawsuit in the U.S. against the company for anticompetitive practices in the App Store and Germany, Japan and Australia have shown interest in these developments. The EU probe may bring more than $5 billion in fines and changes to the Apple’s App Store.
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Don’t miss anything with our weekly update on the main antitrust events for the week ahead.
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The new white paper published by the Libra Association on April 2020 improved the association’s governance rules, mitigating some antitrust risks. Yet, the conversion to a permissioned blockchain from a permissioneless one may still render too much control over the system to the founding members of the Libra Association.
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Internet companies, and regulators for that matter, are increasingly using the word “ecosystem” to describe their business models. Those days where these companies operated just in one market are long gone. Google’s self-driving car unit, Waymo, has driven more miles than any other company, Facebook is planning to launch GlobalCoin, a crypto currency. Apple partnered with Goldman Sachs and Amazon isn’t a bookstore anymore. How this is going to affect market definitions?
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The European Commission published on April 4 a report on Competition Policy for the digital era that may be less damaging for Facebook than for Google, Amazon and Apple. Proposals include imposing obligations on the internet platforms as essential facilities, requiring data interoperability between rivals and a presumption that some activities are anticompetitive unless the companies prove otherwise.
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It is still very far, but Google may have chances to succed in its $ 5 billion EU antitrust fine challenge in the General Court. This could increase the company’s 2022 net income by around 10%, based on consensus, and it would likely enhance the pre-installation of revenue-generating apps such as Google Search, Chrome or Youtube
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