Elon Musk said in a tweet that it’s “time to break up Amazon,” citing the eCommerce giant’s monopoly as a reason to take action. “Monopolies are wrong!” he said in the tweet. Bloomberg reported that the statement will escalate a feud between Musk and Amazon...
Regulators in India are looking at Google over antitrust issues amid charges that the tech giant is using its market dominance to unfairly pitch its mobile payments app. As Reuters reported, the Competition Commission of India (CCI) has kept the identity of the complainant confidential....
Google is likely to face antitrust lawsuits from the U.S. Department of Justice and a group of state attorneys general, The Wall Street Journal is reporting. The news service said the Department of Justice could file the complaint this summer. In addition, some state attorneys general...
Six Republican lawmakers have opposed a Democratic Party initiative in Congress to ban mergers and acquisitions (M&A) between large companies during the pandemic, according to Reuters. The Democrats behind the idea include Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez, who say mergers could lead to...
The Pandemic Anti-Monopoly Act proposed by Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez might not be the best move during the coronavirus pandemic, according to Makan Delrahim, the top antitrust official at the Department of Justice (DOJ). Introduced on April 28, the measure would curb...
Public advocacy groups want the government to closer examine the acquisition of Fitbit by Google, due to the former’s potential as a rival in advertising, according to a Reuters report. Google announced a deal to buy the popular fitness tracking application in November, which would...
Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez are the latest Democrats to call on the administration to place a moratorium on mergers and acquisitions (M&As) during the COVID-19 crisis. The lawmakers introduced the Pandemic Anti-Monopoly Act on Tuesday (April 28). If approved, the measure would...
U.S. lawmakers are up in arms over accusations that Amazon abuses its position as an online platform by producing copycat products, which then compete against the sellers who offer their own products on the eCommerce giant’s site. Renewed scrutiny of Amazon was sparked by a...
A group of Indian retailers is appealing a court order that put an antitrust probe of Amazon and Walmart-owned online retailer Flipkart on hold, according to published reports. The move is the latest in a legal battle over India-based Flipkart and Amazon’s business activities on...
