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Anti Competitive Practices

All articles tagged with #anti competitive practices

sports1 year ago

Senators Demand Probe into F1's Rejection of Andretti Team

Mario Andretti revealed that Greg Maffei, CEO of Liberty Media, vowed to block Andretti Global's bid to enter Formula 1 during a private reception at the Miami Grand Prix. The incident, which Andretti described as deeply personal, occurred after Andretti joined lawmakers in Washington to advocate for his team's entry into F1. Maffei and Liberty Media have not commented, while a source close to Liberty Media disputes Andretti's account. The situation has escalated with U.S. lawmakers calling for an antitrust investigation into F1's practices.

via NBC News|
#andretti-global#anti-competitive-practices#formula-1
business2 years ago

Temu Files Lawsuit Against Shein for Alleged 'Mafia-Style Intimidation'

Temu, an Alibaba rival owned by PDD Holdings Inc, has filed a lawsuit against fast-fashion retailer Shein, accusing it of intensified anti-competitive practices. The lawsuit alleges that Shein implemented a "desperate plan" to undercut Temu's business, including issuing copyright takedown notices and enforcing exclusive agreements with fashion suppliers. Temu also claims that Shein coerced Chinese suppliers to surrender phone passwords and transaction records related to Temu. Shein, which is reportedly pursuing an IPO in the US, has yet to respond to the allegations. Temu's entry into the US market is said to have contributed to a decline in Shein's valuation.

via Yahoo Finance|
#anti-competitive-practices#business#fashion-retail
business2 years ago

French Competition Authority Raids Nvidia Offices Over Anticompetitive Practices

Nvidia's offices in France were raided by the country's competition authority, which is investigating concerns about anti-competitive practices in the graphics cards industry. While the agency did not mention Nvidia by name, sources indicate that the chipmaker was specifically targeted due to its surging demand and record-breaking revenue. The raid suggests that Nvidia's dominance in the chipmaking market is attracting the attention of global governments.

via The Verge|
#anti-competitive-practices#business#french-competition-authority
gaming2 years ago

US Congress Members Accuse Sony of Unfair Business Practices in Japan

US Members of Congress have accused Sony of having a "monopoly" over the "high-end" games market in Japan, saying it's preventing healthy competition in the country. Sony controls 98% of the high-end game market, according to US senator Maria Cantwell. Two letters were sent to US trade representative Katherine Tai and commerce secretary Gina Raimondo, calling attention to the "imbalanced Japanese video game market." Microsoft's market share has been historically extremely low in Japan.

via GamesIndustry.biz|
#anti-competitive-practices#gaming#japan