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Monopolistic Practices

All articles tagged with #monopolistic practices

business5 months ago

Apple Criticizes DOJ Antitrust Suit, Warns of Threats to Consumer Choice and Innovation

Apple has issued a detailed, paragraph-by-paragraph rebuttal to the DOJ's antitrust lawsuit, defending its App Store policies and ecosystem, and arguing that the accusations are unfounded, moot, or based on misunderstandings. The company emphasizes its commitment to consumer privacy, security, and innovation, while denying claims of monopolistic behavior and asserting that its practices are legitimate and legally justified.

via AppleInsider|
#app-store#apple#business
business1 year ago

"Antitrust Lawsuit Alleges Hermès' Unfair Birkin Bag Sales Practices"

Two customers in California have filed an antitrust lawsuit against Hermès, alleging that the company's sales tactics for its coveted Birkin handbags constitute a violation of antitrust law. The customers claim that Hermès requires them to purchase other products before being allowed to buy a Birkin bag, alleging that this tying conduct is anticompetitive. The lawsuit faces challenges in proving Hermès as a monopoly and the illegality of its product tie-in strategy, but it has already drawn attention to the exclusive and elusive nature of Birkin bag purchases.

via CNN|
#antitrust-lawsuit#birkin-bags#business
business2 years ago

FTC's Recent Antitrust Cases Against Amazon: A Comprehensive Overview

The Federal Trade Commission (FTC) has brought four cases against Amazon under the Biden administration. The latest lawsuit, supported by 17 state attorneys general, alleges that Amazon engaged in monopolistic practices by warping prices and stifling competition. The FTC has also settled cases with Amazon's security camera company, Ring, over employee spying allegations, and with Amazon over allegations that its Alexa devices stored user information indefinitely. Additionally, the FTC has sued Amazon for allegedly tricking users into signing up for its paid subscription service, Prime, using deceptive tactics. Amazon has settled some cases, while others are still pending trial, with the company maintaining that it disagrees with the FTC's claims.

via NBC News|
#amazon#antitrust#business
business2 years ago

"FTC and U.S. States Sue Amazon for Monopoly Practices"

The Federal Trade Commission (FTC) and 17 state attorneys general have filed an antitrust lawsuit against Amazon, accusing the company of engaging in monopolistic practices that result in higher prices for consumers and excessive fees for third-party sellers. The lawsuit alleges that Amazon uses its dominant position in the online marketplace to prioritize its own products, charge high fees to sellers, and stifle competition. The FTC's case against Amazon marks a significant regulatory threat to the company and comes as part of a broader push to enforce antitrust laws more aggressively against tech giants.

via The Washington Post|
#amazon#antitrust-lawsuit#business