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Anti Trust

All articles tagged with #anti trust

technology1 year ago

"Jon Stewart Reveals Apple's Interference with FTC Chair Interview and AI Discussion"

Jon Stewart accused Apple of preventing him from interviewing FTC chair Lina Khan for his show, citing a sensitivity to discussing certain topics. Khan, who has pursued anti-trust litigation against major tech companies, highlighted the dangers of concentrated power in a small number of companies. The tension between Stewart and Apple over show topics led to the cancellation of the show's third season. While the FTC has not sued Apple, it has targeted other big tech companies, and the US justice department recently filed an anti-trust lawsuit against Apple. During the interview, Stewart praised the FTC's work and asked about pushback from big tech companies, to which Khan noted that monopolies resist enforcement of anti-monopoly laws.

via The Guardian|
#anti-trust#apple#ftc
business2 years ago

Adobe Faces Anti-Trust Probe and Revenue Woes Amid Subscription Cancellation Controversy

Adobe is facing regulatory scrutiny from the Federal Trade Commission (FTC) over its subscription models, which could result in significant monetary costs or penalties. The company is currently in discussions with the FTC regarding a potential settlement. Additionally, Adobe's $20 billion acquisition of Figma is being investigated by Britain's competition regulator. The European Commission has issued a preliminary statement of objections, and the Competition and Markets Authority has expressed provisional findings of competition concerns. Adobe disagrees with these findings and is responding to the respective regulators. The company's revenue forecast for the current quarter and fiscal 2024 fell below analysts' estimates, partly due to price hikes and reduced demand. Despite reporting a fourth-quarter adjusted profit slightly above estimates, Adobe's shares dropped over 5% in after-hours trading.

via Reuters|
#adobe#anti-trust#business
business2 years ago

The Impact of the Alaska-Hawaiian Airlines Merger on Fares and Customer Benefits

Speculation is growing about the impact of Alaska Airlines' planned acquisition of Hawaiian Airlines on airfares, with one study suggesting a 38% increase in Hawaiian Airlines fares. However, this analysis overlooks the competitive nature of the Hawaii travel market and the dominance of price-sensitive leisure passengers. The merger may not result in significant fare increases, and traditional anti-trust analysis may not be the most relevant framework for evaluating the deal. The approval of the merger by the Department of Justice may be influenced by political factors, but the unique circumstances of Hawaiian Airlines' importance to the local Hawaii market could sway the Biden administration's decision. Overall, the merger may not make sense for Alaska Airlines, as it is entering a highly competitive market without a significant competitive advantage.

via View from the Wing|
#airfares#alaska-airlines#anti-trust
finance-and-aviation2 years ago

The Erosion of Rule of Law in Finance and Aviation.

The SEC has sent a 'Wells Notice' to Coinbase, indicating that the SEC is likely to bring an enforcement action against the crypto exchange. The SEC has decided that crypto exchanges are illegal and that crypto staking is a security that requires registration, but the SEC hasn't allowed registration. This is an example of 'regulation by enforcement action.' The airline industry has also seen similar issues with anti-trust enforcement, such as the Department of Justice suing to unwind the American Airlines alliance with JetBlue. The government has used the anti-trust process to wring concessions that aren't competition-related, and the law is what they say it is at any given time.

via View from the Wing|
#american-airlines#anti-trust#coinbase