Page 2 - Us Antitrust

Facebook moves to dismiss federal, state antitrust suits

Facebook has asked a court to dismiss state and federal antitrust lawsuits that accuse it of abusing its market power in social networking to crush smaller competitors. The social media giant said Wednesday that the complaints do not credibly claim" that its conduct harmed either consumers or market competition. The antitrust suits, filed in December by the Federal Trade Commission and 48 states, are seeking remedies that could include a forced spinoff of the social network's popular Instagram and WhatsApp services. As we said when the FTC and the state attorneys general announced these lawsuits, people around the world use our products not because they have to, but because we make their lives better," Facebook said in a statement. The FTC suit asserts that Facebook has engaged in a "systematic strategy to eliminate its competition, including by purchasing smaller up-and-coming rivals like Instagram in 2012 and WhatsApp in 2014. New York Attorney General Letitia James, in announcin

Zuckerberg, Pichai, Dorsey due back for new grilling in US Congress

House antitrust panel to consider legislation that may curb the companies' dominance; hearings slated for next week

Google hit with third lawsuit as US states sue over search dominance

The complaint filed on Thursday focuses on Google's search business and search advertising, as well as what they said was an effort by Google to use special agreements to also dominate newer techs

Protecting competition

Outcome of Facebook suits will have a wide impact

Decoded: Why Facebook is being sued by the US government and 48 states

Facebook may have to sell Instagram and WhatsApp

Reining in monopolies

Anti-trust suit against Google could have lessons for India

Facebook's Zuckerberg questioned by FTC officials in antitrust probe

The FTC's probe into the company was disclosed last summer

Facebook to Amazon: What years of emails and texts reveal about tech firms

Big Tech companies insist that their rise to power has been the first story, a saga of ingenuity and courage, and that their market dominance is a byproduct of excellence

Facebook beats Q2 estimates with 11% growth in revenue despite coronavirus

Ad sales, which contribute nearly all of Facebook's revenue, rose 10% to $18.3 billion in the Q2 as people under lockdown spent more time online

Poor audio, TV going off: Bezos escape early questions in antitrust hearing

'Worst zoom quiz night ever,' says one viewer about tech troubles at Congressional hearing on Big Tech's business practices.

My mother had me when she was 17, says Jeff Bezos in prepared testimony

Amazon boss's statement talks about personal life and narrates the difficulties the company faced in initial years of its existence

In prepared remarks, big tech CEOs defend themselves ahead of US testimony

Jeff Bezos, Tim Cook, Mark Zuckerberg and Sundar Pichai to be grilled over the dominance in their fields of e-retail, smartphone software, social media and search.

Apple, Intel file antitrust case against SoftBank-backed firm over lawsuits

The suit follows an earlier case filed by Intel against Fortress in October which it withdrew and filed a new suit on Wednesday

How Big Tech armed and prepared itself to push back US antitrust onslaught

As news of the federal and congressional probes roiled the companies' shares this week, lawyers and executives working for Amazon, Facebook and Google were taking a wait-and-see approach