“For almost a decade, Facebook has had monopoly power in the personal social networking market in the United States," said a coalition of 48 states in its lawsuit against Facebook. In a significant development, the social media giant was hit by two lawsuits, one by the coalition and another by the US Federal Trade Commission, accusing it of anti-competitive business practices. Both lawsuits have asked for the reversal of Facebook's acquisitions of WhatsApp and Instagram. This is second major antitrust lawsuit filed against a social media giant in recent times. The Department of Justice (DoJ) has filed a lawsuit against Google, where it has proposed breaking up of the Big Tech company. The investigation into Facebook is a part of the larger antitrust scrutiny on Big Tech in the country. The legislative branch of the government has questioned Big Tech CEOs in high-profile hearings in recent months. Subsequently, the Judiciary Committee of the House of Representatives had recently called for a radical overhaul of antitrust law in the country. The states’ lawsuit said that Facebook has maintained a monopoly over personal social networking market in the US. It said the company “illegally maintains that monopoly power by deploying a buy-or-bury strategy that thwarts competition and harms both users and advertisers”. The lawsuit, headed by the Attorney General of New York Letitia James, noted that Facebook takes a “buy-or-bury” strategy to thwart competitors, harming both users and advertisers. It also accused the company of following up with exclusionary tactics to snuff competition, which…
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Google removes apps of Matrimony.com, Shaadi, and other Indian companies for not complying with the Play Store billing policy
Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.
Haryana Police Seeks Cancellation of Visas, Passports of Protesting Farmers Identified Through CCTVs, Drone Footages
According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...
Under the updated regulatory framework, sandbox entities must process all the data, in its possession or under its control, in accordance with the provisions...
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Views: Response to NPCI CEO’s comments that what is not written in regulations is a no-go for fintech entities
NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
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