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Facebook Rulings Are a Setback for Antitrust Regulators but May Spur Amendments | Skadden, Arps, Slate, Meagher & Flom LLP - Vimarsana News

Facebook Rulings Are a Setback for Antitrust Regulators but May Spur Amendments | Skadden, Arps, Slate, Meagher & Flom LLP

Aspen Skiing 20 that a monopolist has “the right to refuse to deal with other firms” 21 unless “the only conceivable rationale or purpose” for the refusal to deal is “to sacrifice short-term benefits in order to obtain higher profits in the long run from the exclusion of competition.” 22 Judge Boasberg concluded that, in order for a refusal to deal claim to be actionable, it “must involve specific instances in which that policy was enforced (i) against a rival with which the monopolist had a previous course of dealing; (ii) while the monopolist kept dealing with others in the ma...

What Do the House Antitrust Bills Mean for Big Tech? - Vimarsana News

What Do the House Antitrust Bills Mean for Big Tech?

What Do the House Antitrust Bills Mean for Big Tech? Big tech companies could soon be facing down new antitrust rules if a suite of five bills from the U.S. House gain enough support. Lawmakers on both sides of the aisle have voiced interest in reining in tech monopolies. June 27, 2021 •  Shutterstock/Ryan Rodrick Beiler In a move to loosen Big Tech companies’ grip on online commerce, U.S. House lawmakers have introduced five antitrust bills aimed at the likes of Amazon, Apple, Facebook and Google to hold them accountable for anti-competitive conduct....

Ken Buck is staring down Big Tech companies. And powerful people in his political party - Vimarsana News

Ken Buck is staring down Big Tech companies. And powerful people in his political party

Ken Buck is staring down Big Tech companies. And powerful people in his political party Justin Wingerter © Provided by Denver Post U.S. Rep. Ken Buck, center, walks alongside Rep. Matt Gaetz, left, and Rep. Thomas Massie, right, in a scene from HBO's "The Swamp." Photo provided by HBO. U.S. Rep. Ken Buck found himself in an unusual place this week, defending his work with Democrats to rein in some of the wealthiest corporations in world history and standing opposite many friends and fellow conservatives in Congress. The House Judiciary Committee spent much of the week debat...

Source: msn.com
6 bills to rein in Big Tech firms hurtle forward in US Congress - Vimarsana News

6 bills to rein in Big Tech firms hurtle forward in US Congress

Six bills taking aim at the Big Tech market power are hurtling forward in the US Congress with bipartisan support even as a House panel has pushed forward an ambitious legislative package that seeks to rein in Facebook, Google, Amazon and Apple ...

EXCLUSIVE: Whistleblower Document Appears To Show Microsoft Helped Write Big Tech Bills - Vimarsana News

EXCLUSIVE: Whistleblower Document Appears To Show Microsoft Helped Write Big Tech Bills

The original version of the Platform Competition and Opportunity Act that Microsoft apparently received notably included a much lower threshold for determining which Big Tech companies would be affected than the updated version, the whistleblower document showed. Whereas the latest version of the bill states that platforms with at least 50 million monthly active users would be subject to the antitrust regulations, the original version provided by the whistleblower set that number at 500,000. The monthly active users change exempts Microsoft’s services from being affected by the proposed reg...