Tag: antitrust
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FTC Chair Lina Khan Discusses Her Tenure: Addressing AI, Big Tech Challenges in Exit Interview
In an insightful exit interview, FTC Chair Lina Khan discusses the significant challenges and actions taken against AI and Big Tech during her tenure. The interview, conducted by the Wall Street Journal, highlights Khan’s perspectives on regulatory strategies, enforcement actions, and the broader implications of rapidly evolving technology sectors on competition and consumer protection. This…
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US Prosecutors Call for Breakup of Google in Antitrust Case
In a significant legal move, US prosecutors have demanded the breakup of tech giant Google. The call for the company’s division is centered around accusations of monopolistic practices, particularly in its online advertising operations. This action represents one of the most substantial antitrust cases in recent years, echoing past legal battles with major tech companies.…
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EU Accuses Meta of Violating Digital Competition Rules with Advertising Model
The European Union has charged Meta, the parent company of Facebook, with violating the bloc’s competition rules through its new “pay or consent” advertising model. This model, which forces users of Facebook and Instagram to either see ads or pay a minimum of €10 to avoid them, allegedly breaches the Digital Markets Act by not…
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US Justice Department Sues Apple for Alleged Smartphone Market Monopoly
In a significant legal move, the US government, supported by 16 states, has filed a lawsuit against Apple, alleging that the company is maintaining a monopoly in the smartphone market by hindering the growth of competing apps and diminishing the appeal of rival products. Apple, which boasts over a billion iPhone users worldwide and garnered…
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Analysis: How Spirited Airlines’ Business Model and External Factors Led to a Stock Plunge
Spirit Airlines’ stock plummeted 60% due to a series of challenges, including engine issues, plane delivery delays, and the collapse of two major merger attempts with Frontier Airlines and JetBlue. Despite pioneering a profitable ultra-low-cost business model, the airline faced increased competition from other carriers introducing basic economy seats. The COVID-19 pandemic exacerbated Spirit’s difficulties,…