Tag: antitrust
-
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…
-
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…
-
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,…