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Nvidia Refutes Claims Of Reducing Supplies To China Amid Antitrust Investigation
Thursday, December 12, 2024 - 8:58am | 431Nvidia Corp. (NASDAQ:NVDA) has dismissed rumors circulating on social media suggesting it plans to decrease its supply of products to China. The company clarified through a post on Chinese social media that these claims are untrue. What Happened: Nvidia emphasized the significance of the...
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Which Magnificent 7 Stock Should DOJ Target Next? Benzinga Poll Finds Over 50% Say...
Friday, November 22, 2024 - 1:31pm | 800New polls of Benzinga readers show they don't think the Department of Justice should break up Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) or target other Magnificent 7 stocks. What Happened: A recent investigation by the Department of Justice found prosecutors telling Alphabet it needs to divest the...
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Amazon At Risk Of Major Fine As EU Investigates Alleged Preference For In-House Products Under Digital Markets Act: Report
Friday, November 22, 2024 - 1:01am | 494The EU is reportedly set to investigate Amazon.com, Inc. (NASDAQ:AMZN) in 2025 for favoring its in-house branded products. What Happened: The EU is preparing a case against Amazon under its Digital Markets Act or DMA, reported Reuters, citing people with direct knowledge of the matter. The probe...
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Intel Triumphs Over EU Regulators In Two-Decades-Long Antitrust Dispute
Thursday, October 24, 2024 - 10:02am | 569The EU Court of Justice has ruled in favor of Intel (NASDAQ:INTC), concluding a nearly two-decades-long antitrust case with EU regulators. This ruling marks a significant victory for the tech giant against the European Commission’s claims. What Happened: The EU Court of Justice, Europe’...
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Google Analysts React To DOJ's Proposed Remedies For Search Dominance: 'We Continue To View Structural Changes As An Unlikely Outcome'
Wednesday, October 9, 2024 - 2:11pm | 795The U.S. Department of Justice confirmed this week that it’s considering taking actions to curtail Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Search dominance. Multiple analysts reacted to the news on Wednesday. What Happened: The DOJ announced late Tuesday that it’s...
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Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations 'Radical' As Antitrust Ruling Aims To Limit Its Search Market Monopoly
Wednesday, October 9, 2024 - 3:33am | 592The Department of Justice is evaluating the possibility of dismantling Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google, as a response to antitrust violations. This development follows a recent court ruling that found Google guilty of leveraging its products to maintain a monopoly in...
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Google Will Continue To Fight Epic Games In Court To Halt Epic-Requested Changes To Play Store: 'Undercut Android's Ability To Compete With Apple's iOS'
Monday, October 7, 2024 - 9:47pm | 597Following the antitrust verdict, Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has made moves to halt changes proposed by Epic Games. What Happened: In a blog post on Monday, Google said that it is appealing the court’s decision which requires it to open its Play Store to third-...
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Epic Games Files New Antitrust Lawsuit Against Google, Samsung Over App Store Restrictions
Monday, September 30, 2024 - 11:56am | 807Epic Games, the developer behind the globally popular game Fortnite, has launched a new legal battle, this time accusing Samsung and Alphabet Inc.’s (NASDAQ:GOOGL)(NASDAQ:GOOG) Google of antitrust violations. In a lawsuit filed in a U.S. federal court in California, Epic claimed the two tech...
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Gates Says Microsoft Antitrust Threats Are 'Going To Happen' While Reflecting On 1998 Case: 'Whichever Part Of The Company I Went With Would Have Thrived'
Friday, September 27, 2024 - 10:23am | 602Gates Says Microsoft Antitrust Threats Are ‘Going To Happen’ While Reflecting on 1998 Case: ‘Whichever Part of the Company I Went With Would Have Thrived' Billionaire Bill Gates helped power Microsoft Corporation (NASDAQ:MSFT) into one of the largest companies in the world during his...
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Visa Stock Has Near-Term 'Overhang' From DOJ Antitrust Lawsuit: Analyst Picks 3 Stocks To Benefit
Wednesday, September 25, 2024 - 1:02pm | 874Payments company Visa Inc (NYSE:V) was hit with an antitrust lawsuit by the U.S. Department of Justice (DOJ) Tuesday that analysts say could take years to sort out and will likely hurt shares in the short term. What Happened: The DOJ alleged Visa used anticompetitive practices in the debit network...
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Visa Reportedly Faces DOJ Antitrust Lawsuit Alleging Monopolization Of US Debit Card Market Amid Regulatory Crackdown
Tuesday, September 24, 2024 - 4:41am | 548Visa Inc. (NYSE:V) a global payments giant reportedly faces charges by the United States Department of Justice for allegedly monopolizing the domestic debit card industry What Happened: DOJ’s antitrust division is expected to accuse Visa in federal court due to its participation in various...
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Qualcomm's Potential Intel Buyout Could Face Antitrust Hurdles, Analysts Reveal: 'Intriguing On Many Levels'
Monday, September 23, 2024 - 9:49am | 614A potential acquisition of Intel Corp. (NASDAQ:INTC) by Qualcomm Inc. (NASDAQ:QCOM) could speed up Qualcomm’s diversification but may burden the chipmaker with Intel’s struggling semiconductor manufacturing unit. What Happened: Analysts have expressed concerns that the deal...
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Google's Chances Of Fines In Search, AdTech Lawsuits 'Relatively Low': Analyst
Thursday, August 29, 2024 - 1:20pm | 835Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG), which owns dominant search engine Google, may not get penalized for two out of three antitrust suits it is currently facing, according to an analyst. “The likelihood of GOOGL walking away with a penalty or fine is relatively low,” Roth MKM...
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Yelp Launches Antitrust Battle Against Google After Federal Ruling Declares Search Giant A Monopolist
Thursday, August 29, 2024 - 3:06am | 706Yelp Inc. (NYSE:YELP) has filed an antitrust lawsuit against Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google, following a recent federal ruling that labeled Google as an illegal monopolist. What Happened: Yelp accuses Google of maintaining its monopoly in local search services by...
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Federal Judge Blocks Disney, Fox, Warner Bros. Sports Venture After FuboTV Antitrust Lawsuit
Friday, August 16, 2024 - 4:23pm | 520A federal judge has halted a joint venture by media giants Walt Disney Co. (NYSE:DIS), Fox Corp. (NASDAQ:FOXA), and Warner Bros. Discovery Inc. (NASDAQ:WBD) to consolidate their sports licensing rights into a new streaming service. The decision came after a lawsuit filed by competitor Fubotv Inc (...