antitrustcharges
The Federal Trade Commission (FTC) is cranking the pressure on Facebook Inc (NASDAQ:FB) over accusations of anticompetitive practices with a new complaint in federal court. It follows an original complaint, dismissed by a federal judge in June. Q2 2021 hedge fund letters, conferences and more Anticompetitive AllegationsAccording to CNN, the FTC filed an amended complaint in federal court alleging the company “has monopolized social media and harmed competition.” The amended complaint was filed two months after Judge James Boasberg of the U.S. District Court for the District of Columbia dismiss...
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European Union (EU) regulators have filed antitrust charges against Amazon. They say the company unfairly uses its size and data access to damage smaller merchants who use its platform to reach their customers.Q3 2020 hedge fund letters, conferences and moreEuropean regulators charge Amazon with antitrust behavior in the EUThe European Commission, which is the EU's executive branch, said Amazon abused its role as both a retail platform used by vendors and a merchant that sells its own products. Regulators accuse the e-commerce giant of collecting non-public data from vendors using its platform...
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