WASHINGTON—A judicial panel on Tuesday said that Texas’ antitrust lawsuit against Alphabet’s Google would be moved to the Southern District of New York, where other similar cases would also be heard. Google had asked that the case, which was filed against it by Texas and other states, be combined with similar cases in U.S. District…
Judicial Panel Moves Texas Lawsuit Against Google to New York
August 10, 2021
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EU Antitrust Regulators to Investigate Facebook’s Kustomer Acquisition
BRUSSELS—EU antitrust regulators opened an in-depth investigation on Monday into Facebook’s acquisition of U.S. customer service startup Kustomer, concerned that the deal could hurt competition. The European Commission said it had concerns the proposed deal would reduce competition in the market for customer relationship management software. It also expressed concern that the acquisition would strengthen…
State AGs Fight Dismissal of Facebook Antitrust Case
A coalition of state attorneys general led by New York’s Letitia James appealed the dismissal of their antitrust lawsuit against Facebook. In a notice filed Wednesday in a federal court in the District of Columbia, attorneys general from 48 states and territories said they would appeal a June decision that dismissed their lawsuit against Facebook…
Suing Big Tech to Stop Its Web Ad Dominance—Texas Attorney General Ken Paxton on Big Tech Censorship
“This is a country about ideas. People had differing ideas … They didn’t always agree on the ideas. We’d have … vigorous debates. But ideas were never cut out,” says Texas Attorney General Ken Paxton, concerned by Big Tech’s expanding control of information and censorship of conservative voices. Texas is one of many states suing…
Facebook Asks for Recusal of FTC Head in Antitrust Probes
WASHINGTON—Facebook is asking that the new head of the Federal Trade Commission step away from decisions on whether to continue the agency’s antitrust case against the social network giant, asserting that past public criticism of the company’s market power makes it impossible for her to be impartial. Facebook Inc. petitioned the agency Wednesday to remove…
Pelosi’s Husband Bought up to $11 Million of Big Tech Stocks
House Speaker Nancy Pelosi’s (D-Calif.) husband bought up to $11 million worth of Big Tech stocks stocks in May and June, according to a financial disclosure form filed July 2 and signed by the Democratic leader. Paul Pelosi, who owns and operates a San Francisco-based real estate and consulting firm, bought 4,000 shares of Alphabet on June 18 at a strike price of $1,200,…
Amazon Seeks Recusal of FTC Chair and Antitrust Hawk Lina Khan
Amazon has filed a request asking for newly minted Federal Trade Commission (FTC) Chair Lina Khan to be recused on antitrust matters related to the online retail giant, citing concerns about lack of impartiality in light of her past criticisms of the company, according to documents filed with the agency. “Given her long track record…
Facebook Hits $1 Trillion Value After Judge Rejects Antitrust Complaints
June 29, 2021
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WASHINGTON—A U.S. judge on Monday dismissed federal and state antitrust complaints against Facebook Inc that sought to force the social media company to sell Instagram and WhatsApp, saying the federal complaint was “legally insufficient.” Facebook shares rose more than 4 percent after the ruling. The share price rise put Facebook’s market capitalization over $1 trillion…
EU Investigates Google’s Conduct in Digital Ad Tech Sector
LONDON—European Union regulators have launched a fresh antitrust investigation of Google, this time over whether the U.S. tech giant is stifling competition in digital advertising technology. The European Commission said Tuesday that it has opened a formal investigation into whether Google violated the bloc’s competition rules by favoring its own online display advertising technology services…
Supreme Court Rules NCAA Went too far in Cracking Down on Student-Athlete Pay
The Supreme Court ruled unanimously this morning that the National Collegiate Athletic Association’s (NCAA) regulations that restrict benefits that may be given to student-athletes violate federal antitrust law. The NCAA had argued that policing student-athlete pay helps to preserve the long-standing amateur status of college athletics. The high court was unmoved, rejecting the NCAA’s argument…
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