Tag: antitrust

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Amazon Pays Record Fine to FTC Over ‘Deceptive’ Prime Subscriptions

Whole Foods installs Amazon E lockers in Ridgewood

Billion-Dollar Backtrack: Amazon Settles HUGE Prime Scam Lawsuit, 35 Million Customers to Get Refunds

the staff of the Ridgewood blog

Ridgewood NJ, In a sudden conclusion to a high-profile legal battle, Amazon has agreed to a historic $2.5 billion settlement with the Federal Trade Commission (FTC). The massive fine addresses allegations that the e-commerce giant used deceptive tactics to trick customers into signing up for its Prime membership program and then actively made it difficult to cancel.

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AI Startup Perplexity Makes $34.5B All-Cash Bid to Acquire Google Chrome Amid Antitrust Pressure

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the staff of the Ridgewood blog

Silicon Valley, CA — In a bold move that could reshape the web browser market, AI startup Perplexity has made an unsolicited $34.5 billion all-cash offer to acquire Google’s Chrome browser, which currently serves over 3 billion users worldwide.

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DOJ Targeting Apple with Antitrust Suit

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the staff of the Ridgewood blog

Ridgewood NJ, the US Justice Department is preparing to file a lawsuit against Apple, possibly as soon as Thursday, alleging that the tech giant has violated antitrust laws by restricting competitors’ access to hardware and software features of its iPhone. This legal action would escalate the Biden administration’s ongoing antitrust crackdown on major US technology firms. Currently, the Justice Department is already pursuing a lawsuit against Google for monopolistic practices, while the Federal Trade Commission is actively investigating antitrust allegations against Meta (formerly Facebook) and Amazon.

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NJ Attorney General Announces Federal Antitrust Lawsuit Against Facebook

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the staff of the Ridgewood blog

Trenton NJ, New Jersey Attorney General Gurbir S. Grewal today joined with 47 other Attorneys General in suing Facebook, Inc. for allegedly violating federal antitrust laws by monopolizing the market for personal social networking services, and by using illegal mergers and other anti-competitive tactics to maintain its monopoly power.

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