MONOPOLIES – UNITED STATES

Google violated antitrust laws to dominate online search, US judge rules

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Original article by Nick Robins-Early
The Guardian – Page: Online : 6-Aug-24

Shares in technology stocks such as Apple and Google have fallen sharply in response to the US District Court’s ruling that the latter has breached anti-trust laws. Judge Amit Mehta has concluded that Google is a ‘monopolist’, and it has acted as one to maintain its market dominance with regard to search services and advertising. Department of Justice prosecutors had contended amongst other things that Google has suppressed competition by paying billions of dollars to smartphone makers such as Apple and Samsung to use it as their default search engine.

CORPORATES
GOOGLE INCORPORATED, DISTRICT COURT OF UNITED STATES, UNITED STATES. DEPT OF JUSTICE, APPLE INCORPORATED, SAMSUNG CORPORATION

Facebook beats Biden’s antitrust suit

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Original article by Cecilia Kang
The Australian Financial Review – Page: 16 : 30-Jun-21

The market capitalisation of Facebook has risen above $US1bn for the first time after a judge dismissed an antitrust case against the social media giant. The US Federal Trade Commission and more than 40 states had launched the case against Facebook, but the federal court ruled amongst other things that the prosecutors had failed to provide sufficient evidence to support claims that the company has a monopoly in the social networking sector. The lawsuit had sought to break up Facebook by forcing it to divest Instagram and WhatsApp, which it had acquired in 2012 and 2014 respectively.

CORPORATES
FACEBOOK INCORPORATED, UNITED STATES. FEDERAL TRADE COMMISSION, DISTRICT COURT OF UNITED STATES, INSTAGRAM LLC, WHATSAPP INCORPORATED