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Justice Department Investigating Overwatch League

Justice Department Investigating Overwatch League Share Image: Robert Paul / Activision Blizzard / DoJ / Kotaku The U.S. Department of Justice is looking into the Overwatch League’s soft salary cap policy that punishes teams who pay players too much, according to a new report by Dot Esports. The investigation is being headed up by the Civil Conduct Task Force, part of the department’s antitrust division. According to Dot Esports, regulators are looking into whether the Overwatch League’...
San Francisco United States Civil Conduct Task Department Of Justice News Of The Justice Department Justice Department

US judge throws out antitrust complaints against Facebook | News | DW

US judge throws out antitrust complaints against Facebook The ruling is a major blow against the federal governments efforts to rein in big tech companies. The FTC claims Facebook wield too much power in the social media market A US federal judge in Washington DC on Monday threw out antitrust complaints by the Federal Trade Commission (FTC) and a group of state attorneys general against tech giant Facebook.  The ruling is a major setback for the federal governments efforts to rein in the powe...
United States James Boasberg Lina Khan Joe Biden Federal Trade Commission Judge James Boasberg
Source: dw.com

Facebook hits $1T market cap as FTC antitrust lawsuit is dismissed

Facebook hits $1T market cap as FTC antitrust lawsuit is dismissed SHARE Shares in Facebook Inc. surged today following a court ruling dismissing an antitrust complaint brought by the U.S. Federal Trade Commission. The 4% rise in Facebook’s share price catapulted the company’s market cap to $1 trillion for the first time. In passing $1 trillion, Facebook has become the fifth listed company in history to reach the mark behind Apple Inc., Microsoft Corp., Amazon.com ...
Andy Jassy Michael Dell Pat Gelsinger Mark Zuckerberg Cube Club Facebook Inc

New lawsuit calls out Amazon for illegally raising prices on products

What you need to know DCs Attorney General filed a lawsuit against Amazon alleging that the company fixes online retail prices. DC AG says that the practices arent helping third-party resellers. Amazon has been under anti-competitive scrutiny for over a year now. DCs Attorney General has filed a lawsuit against Amazon to end anti-competitive practices that have raised prices for consumers and stifled innovation and choice across the platform. Karl Racine alleges in a press release that Amazons ...
District Of Columbia United States Karl Racine Us Justice Department Antitrust Act Prime Day Event

China's Spring 2021 Compliance & Anti-Monopoly Updates

中国颁布阻断立法应对外国法律不当域外实施 As the first departmental legislation of the Ministry of Commerce (MOC) in 2021, Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures (Blocking Rules) were published with immediate effect beginning Jan. 9, 2021. Given the trade, technology, and even diplomacy tensions between the United States and China, a series of legislations were promulgated starting in the second half of 2020. ...
United States Han Liyu Monopoly Commission Of The State Council Repercussions For Multinational Companies Ministry Of Commerce Ministry Of Environmental Protection

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