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Justice Department Investigating Overwatch League
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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’s secret soft cap on salaries violates the 1890 Sherman Antitrust Act because the players aren’t unionized. While the investigation isn’t criminal,
US judge throws out antitrust complaints against Facebook
The ruling is a major blow against the federal government s 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 government s efforts to rein in the power of big tech companies.
What did the judge say?
US District Judge James Boasberg said in a filing that the lawsuits, which were filed in December, are legally insufficient.
Facebook hits $1T market cap as FTC antitrust lawsuit is dismissed
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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 Inc. and Google LLC’s parent Alphabet Inc.
The surge in Facebook’s shares came just before 3 p.m. EDT as news broke that the federal court had dismissed the FTC’s antitrust case along with a parallel case brought by 48 state attorneys general.
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