monopoly

On Tuesday, the US Department of Justice announced that it would be joining eight states in filing a civil antitrust suit against Google over its monopoly on digital advertising. The lawsuit claims that Google abuses its power to put website publishers and advertisers at a disadvantage if they “dare to use” competing advertising technology products. “Google has used anticompetitive, exclusionary, and unlawful conduct to eliminate or severely diminish any threat to its dominance over digital advertising…

Spotify and seven other companies have written a letter to the European Commission to complain against the Apple monopoly and its strategies for curbing competition. These companies believe that Apple is benefiting from an unfair advantage and ask for “swift and decisive” actions.The music streaming company filed a lawsuit against Apple four years ago, and since then, both companies have had multiple disputes regarding the App Store policies. Spotify filed this lawsuit in 2019. Despite the fact that the EU has sided with…

Brazil's antitrust watchdog CADE has begun investigating a complaint by e-commerce retailer MercadoLibre Inc against Apple Inc for alleged abuse of a monopoly in the distribution of apps for its devices, the regulator said on Wednesday.The decision to open the investigation into alleged anti-competitive practices by Apple was taken last week based on the complaint filed in December by MercadoLibre, CADE said in a statement."Similar investigations are being conducted by antitrust authorities in other jurisdictions," the…

Until a few years ago, crypto mining was one of the most lucrative possibilities in the blockchain sector. However, as more miners entered the fray, the competition intensified and the returns decreased. Because the computational power required to answer difficult cryptographic mathematical equations increases as the number of competitors increases, lowering the profit margin. In addition, mining requires a hefty initial investment, the installation of a loud mining apparatus in a well-ventilated area, and a hefty…

A week ago, WhatsApp Pay's India head Vinay Choletti quit the company just four months after he was elevated to the position. His resignation is the fourth high-profile exit in about one-and-a-half months from Meta in India after its country head Ajit Mohan stepped down in November. Now, Choletti is in talks to join Tata Digital’s payments business.Also in this letter:■ House panel finds Big Tech’s ad business a ‘monopolistic threat’■ Google bets on strong ad revenue growth in India■ Ola Electric to launch commercial…

Google is the dominant player in the search market, with a market share of over 90% in many countries. Its search algorithm has become an essential tool for billions of internet users around the world, providing them with quick and accurate access to information on a wide range of topics.However, ChatGPT, a natural language processing (NLP) tool developed by OpenAI, has the potential to disrupt Google's dominance and shake up the search market. Unlike traditional search engines, which rely on matching keywords and phrases…

Proving that the classics are still the best, Monopoly remains the most popular board game to be played by families at Christmas. Based on the findings of a new survey, however, a game of Monopoly might not be the best thing to play during the festive period, especially if you want to avoid arguments and have a happy Christmas.A recent survey conducted by UK retailer GAME revealed that Monopoly is the most popular board game in the UK, with 37% of voters admitting to playing the game over Christmas.It's way ahead of…

Elon Musk is busy planning the future as he renews hiring and app features! Read more tech news here Good morning tech fam, here are some quick tech updates for you to catch on to! What’s New Today: AI-driven cars were able to ease up rush hour congestion by lessening driver frustration and saving fuel. Fast-Track Insights: CoinSwitch is preparing to become the solution for the recent liquidity issues in centralized crypto exchanges, by launching the CoinSwitch Pro. Twitter is set on improving its future and its…

Swift’s absence from touring following 2018's Reputation Stadium Tour likely helped fuel the increased demand for tickets, and Ticketmaster outages. Image: Mark Metcalfe (Getty Images)Taylor Swift’s hotly anticipated first tour in five years, called The Eras Tour, is set to kick off next year. Tickets went on sale yesterday to lucky Swifties who won a presale lottery—until all hell broke loose. Outages plagued Ticketmaster throughout the morning and afternoon as feral fans tried to secure their spot in stadiums across the…

A two-year legal battle between Apple Inc. AAPL -0.95% and “Fortnite” maker Epic Games Inc. over how apps are distributed on the iPhone took its next steps before the Ninth U.S. Circuit Court of Appeals on Monday.The two sides have engaged in a very public and acrimonious fight with billions of dollars at stake on each side. At the heart of the dispute is how Apple operates its app store and Epic’s contention that the company collects an unfair cut of revenue generated…