antitrustlaw
By Archis Chowdhury Alphabet Inc's Google was fined ₹936 crore by Competition commission of India on Tuesday, following an antitrust probe on the tech giant. The probe found the company guilty of abusing the dominant position of Play Store to promote its own in-payment system. "The Commission hereby directs Google to cease and desist from indulging in anti-competitive practices," CCI said in a statement on Tuesday. It ordered Google to stop restricting app developers from including third-party payment systems in apps available through Play Store. This is the second such fine Google was slapped...
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Google – Alphabet Inc (NASDAQ:GOOGL) – has been fined by Italy’s antitrust regulator over “aggressive practices” linked to user data’s commercial usage. The ruling comes after the General Court of the European Union upheld a $2 billion fine earlier in November. Q3 2021 hedge fund letters, conferences and more Antitrust CaseAccording to Reuters, Google did not provide clear and immediate information on how it collects and uses the data of people using its services. Google said it disagreed with the ruling and that it would appeal. In detail, the regulator said that “when users set up their acco...
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The Korea Fair Trade Commission (KFTC) announced a $176.8 million fine – 207.4 billion won – on Google – Alphabet Inc (NASDAQ:GOOGL) – for imposing the use of Android on mobile devices and blocking its customization. Q2 2021 hedge fund letters, conferences and more Background InvestigationAs reported by Fox Business, the South Korean regulator opened an investigation into the big tech firm in 2016 after complaints filed by mobile phone manufacturers such as Samsung Electronics Co Ltd (KRX:005930) and LG Electronics Inc (KRX:066570). The investigation was based on the assumption that the U.S. g...
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According to an unnamed source on Bloomberg, the Department of Justice (DOJ) in the U.S. is preparing a new lawsuit against Google – Alphabet Inc (NASDAQ:GOOGL) – to clamp on its power in the online advertising business. Q2 2021 hedge fund letters, conferences and more A New Lawsuit ComingThe lawsuit, the person familiar with the matter said, is to be filed by the end of this year. The authority is summoning third parties as witnesses, as well as targeting documents into what is seen as a thorough investigation that is picking pace. According to Bloomberg, scrutiny dates back to Donald Trump’s...
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