antitrust - Page 4

Amazon Shuts Down ‘Sold by Amazon’ Program Following Antitrust Investigation

Amazon has reportedly shut down its “Sold by Amazon” program following an investigation from Washington Attorney General Bob Ferguson which found that the program violated antitrust laws. The program involved Amazon setting minimum prices for certain sellers’ products and the Masters of the Universe taking a cut of anything sold at prices above the minimum. One Amazon seller commented on the program, “Almost everyone I talked to said this doesn’t seem right. Normally, when you let the foxes run the hen house, the hens get eaten.”

Investigator says Amazon chief's phone hacked by Saudis

Tough Luck Zuck: Judge Rejects Facebook’s Request to Dismiss FTC Antitrust Lawsuit

A federal judge has ruled that the FTC can move forward with its revised antitrust case against Facebook. The judge rejected Facebook’s request to dismiss the case, writing: “Although the agency may well face a tall task down the road in proving its allegations, the court believes that it has now cleared the pleading bar and may proceed to discovery.”

Mark Zuckerberg looking perturbed

Amazon and Google Deploy Army of Shills to Fight Regulation

Amazon and Google are reportedly mobilizing the small businesses that they claim rely on their platforms to fight antitrust bills that threaten to break up the Masters of the Universe. Incredibly, some small businesses are arguing that bills designed to stop Amazon from copying their products and destroying their business by favoring the platform’s own brand would be a net negative for their companies.

Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential

Lawsuit: Google and Apple Conspire to Maintain Stranglehold on Search Market

A new class-action lawsuit alleges that Apple and Google have an agreement that keeps the iPhone maker out of the search engine business as long as Google pays to remain the default search option in Apple’s Safari browser. The lawsuit claims the two companies maintain their anticompetitive agreement with “regular secret meetings” between Google CEO Sundar Pichai and Apple CEO Tim Cook.

Sundar Pichai CEO of Google ( Carsten Koall /Getty)

200+ Local Newspapers Sue Google and Facebook

More than 200 newspapers across the U.S. have reportedly joined antitrust lawsuits against Google and Facebook over the past year. The lawsuits claim that Facebook and Google have monopolized the digital ads market, taking revenue that should have gone to local news outlets.

Mark Zuckerberg frowning

Rigged: Investigation Finds Amazon Brands and Exclusives Hold Top Spot in 7 Out of 10 Product Searches

According to a recent report, e-commerce giant Amazon purposefully ranks its own products above other higher-rated competitors on its platform. According to an investigation by the Markup, “We found that knowing only whether a product was an Amazon brand or exclusive could predict in seven out of every 10 cases whether Amazon would place it first in search results.”

Jeff Bezos of Amazon laughing

FTC Memo Calls for Focus on ‘Structural Dominance’ of Big Tech

FTC Chair Lina Khan sent a memo to staff this week in which she called for the agency to focus on power imbalances and address the “structural dominance” of big companies. The memo’s mention of “next generation technologies” implies a heavy emphasis on the Big Tech Masters of the Universe.

FTC Chair Lina Khan

J.D. Vance, Claremont Institute File Amicus Brief in Ohio Lawsuit Against Google

Ohio State Rep. Douglas Swearingen (R-OH-89), Ohio Republican senate primary contender J.D. Vance, and The Claremont Institute’s Center for Constitutional Jurisprudence have filed an amicus brief in State of Ohio v. Google, a case filed against the tech giant by the state’s attorney general, taking aim at its allegedly anti-competitive practices.

Google CEO Sundar Pichai before Congress

FTC: The Big Tech Masters of the Universe Exploit ‘Loopholes’ to Avoid Merger Reviews

The FTC has alleged that hundreds of deals made by tech giants like Facebook and Google were not reviewed by merger watchdogs, fueling the companies’ unchecked growth. Events like gaining voting control of rivals, buying patents, and outright buyouts of small tech companies are a key part of the arsenal used by the largest Big Tech companies to maintain their stranglehold over the internet.

Mark Zuckerberg frowning

FTC Files Updated Antitrust Complaint Against Facebook

The Federal Trade Commission has reportedly filed another antitrust complaint against Facebook, alleging that the social media giant is an illegal monopoly. A federal judged dismissed the agency’s previous complaint against Mark Zuckerberg and the Masters of the Universe.

Mark Zuckerberg uncomfortably wears a tux ( Rich Fury /Getty)

World’s Richest Man Jeff Bezos Steps Down as Amazon CEO

Amazon founder Jeff Bezos has officially stepped down from his role as CEO of the e-commerce giant, being replaced by the company’s former web services CEO Andy Jassy. Bezos will continue with the company in the role of Executive Chair. The leadership handover is occurring just weeks before Bezos will fly into space with his brother. 

Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential

Facebook Is Launching an Attempt to Crush Substack

Continuing its ongoing efforts to clone every single other digital service available, Facebook announced on Tuesday that it would be rolling out its own version of a newsletter subscription service called Bulletin. The new Facebook offering is an attempt to crush the popular newsletter service Substack.

Mark Zuckerberg Smiles discussing Facebook