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Facebook asks court to dismiss US government, states antitrust cases

WASHINGTON (Reuters) - Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the U.S. Federal Trade Commission and nearly every U.S. state, saying they failed to show the company had a monopoly or harmed consumers.
By a one-vote margin, in the fraught environment of relentless criticism of Facebook for matters entirely unrelated to antitrust concerns, the agency decided to bring a case against Facebook, Facebook said in responding to the FTC complaint.
None of the harms typically alleged in antitrust actions is alleged here, it said.
In lawsuits filed in December, the FTC and states asked the court to force the social media giant to sell two prized assets, its messaging app WhatsApp and photo-sharing app Instagram. U.S. District Judge James Boasberg in the District of Columbia will hear the cases. ....

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Apple Bought Close to 100 Startups in the Last 6 Years

Photo: Graeme Jennings-Pool (Getty Images)
Apple has bought out just short of 100 small businesses over the last six years as part of its corporate acquisition spree, CEO Tim Cook told shareholders at a virtual meeting on Tuesday.
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According to Bloomberg, Cook said that Apple has been buying small companies at a rate of about one every three to four weeks. Notable acquisitions for Apple in the last year alone included VR/AR startups NextVR and Spaces, a weather app called Dark Sky, mobile payments service Mobeewave, and others. Apple has always tried to keep details of its acquisitions in the dark, but prices in the hundreds of millions for some of the firms have been suggested. Apple reportedly bought 20-25 companies in the six months preceding May 2019 alone. ....

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