All articles tagged with #antitrust fine
Originally Published 6 months ago — by Fortune
Google faces a significant setback in its legal battle against a €4.7 billion EU antitrust fine, as the European Court of Justice’s advocate general recommended upholding the penalty, which was initially imposed in 2018 for abusing Android's dominance to stifle competition. The court's final decision is pending, but this case is part of broader EU efforts to regulate Big Tech.
Originally Published 2 years ago — by Financial Times
Apple has paid a $12 million antitrust fine to Russia's state budget, following a settlement with the country's Federal Antimonopoly Service. The fine was imposed for alleged abuse of its dominant position in the mobile apps market.
Originally Published 2 years ago — by Daily Mail
Italy's biggest influencer, Chiara Ferragni, has been fined one million euros by Italy's anti-trust authority for misleading claims related to the sales of a Christmas cake that she said would raise money for children with bone cancer. Ferragni, who has nearly 30 million followers on Instagram, promoted the cake as a charity initiative, but it was revealed that only a small portion of the proceeds would actually go to the hospital. She has made a public apology and plans to donate one million euros to the hospital, but also intends to challenge the fine. The case has attracted significant negative publicity and criticism, including from Italian Prime Minister Giorgia Meloni.
Originally Published 2 years ago — by NDTV
Italian Prime Minister Giorgia Meloni criticized influencers who make money from misleading charity claims, indirectly referring to the recent antitrust fine imposed on top influencer Chiara Ferragni. The antitrust authority fined Ferragni's companies and cake maker Balocco for misleading advertising on Christmas cakes, which falsely claimed to contribute to a bone cancer charity. Meloni emphasized the importance of promoting genuine Made in Italy products rather than superficial displays of wealth.