antitrust laws

The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation.The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the smartphone market and uses its control over the iPhone to “engage in a broad, sustained, and illegal course of conduct.”The lawsuit—which was also filed with 16 state attorneys general—is the latest example of the…

Following a lengthy investigation, the United States Justice Department is set to file a lawsuit against Apple for potentially breaching antitrust laws. The department alleges Apple is using hardware and software limitations that make it harder for rival companies to compete with iPhones and iPads. If the filing goes ahead, it will mean each of the “big four” tech companies – Amazon, Meta, Google and Apple – will have been sued by the US federal government within the past five years for monopolistic business practices.As…

 The US Federal Trade Commission is examining the nature of Microsoft Corp.'s investment in OpenAI Inc. and whether it may violate antitrust laws, according to a person familiar with the matter.The inquiries are preliminary and the agency hasn't opened a formal investigation, according to the person, who asked not to be named discussing a confidential matter.  Microsoft didn't report the transaction to the agency because the investment in OpenAI doesn't amount to control of the company under US law, the person said.…

Google, a unit of Alphabet, has agreed to pay $8 million to settle claims it used deceptive advertisements to promote the Pixel 4 smartphone, Texas Attorney General Ken Paxton announced on Friday.The search and advertising giant, which also makes Android smartphone software and owns YouTube, has been scrutinised for antitrust and consumer protection infractions by both the federal government and state attorneys general. The federal government has filed two antitrust lawsuits. In this instance, Paxton's office alleged that…