A Republican senator isn’t happy with plans by the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to divide a potential investigation into the biggest US tech firms. Earlier this month, the DOJ and the FTC came to an agreement over the jurisdiction of potential antitrust probes into Facebook and Google. The FTC […]
Small businesses are raising concerns over a congressional probe of potential anticompetitive practices in the tech sector, a press release revealed Wednesday, June 12. The Connected Commerce Council (3C), a small business advocacy group, has sent a letter to the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law requesting that Congress consider the importance […]
Republicans are split over a new Democrat-led antitrust investigation of the tech industry, highlighting tensions between the GOP’s growing criticism of companies like Google and Facebook and the party’s traditional aversion to regulating business, reported Politico. The House Judiciary Committee launched the probe Monday, June 3, to look at whether Silicon Valley’s tech titans have […]
According leaders of big tech companies will be asked to testify as part of an investigation into whether the companies misuse their massive market power, the head of the US House Judiciary subcommittee leading the probe said on Tuesday. The comments came a day after sources said the US executive branch is gearing up for a similar […]
The Japanese government intends to use antitrust law to require major tech players to submit to regular reviews, reported Nikkie. All this as part of an effort to keep them from taking advantage of the smaller companies they do business with, Nikkei has learned. Currently, while the Japan Fair Trade Commission can conduct reviews of […]
Norway’s Finance Minister Siv Jensen called for broader international cooperation to end monopolies of global technology giants that can overcharge consumers, reported Bloomberg. While attending the International Monetary Fund’s spring meetings in Washington this past week, Jensen drew attention to the market power of the biggest tech companies and their fiscal footprints in countries where […]
Filmmakers Collaborative SF launched a new film highlighting a successful antitrust action brought by the US Department of Justice against Google, Apple, eBay, and other major technology companies in 2009. Entitled, “When Rules Don’t Apply,” the 28-minute free film explores the “no-poach” wage suppression agreement that swept Silicon Valley from 2005 to 2015, and the […]
Infineon Technologies, the German chipmaker, has named Sven Schneider as its next chief financial officer, replacing Dominik Asam who is moving to aircraft maker Airbus. Schneider, hired on a three-year contract, joins from industrial gases group Linde and will start his new job on May 1, Infineon said on Thursday. Full Content: Wall Street Journal Want […]
According to TechCrunch the European Union’s competition commissioner, Margrethe Vestager, has suggested that breaking up tech giants should be a measure of last resort, “To break up a company, to break up private property would be very far reaching and you would need to have a very strong case that it would produce better results […]
Chinese tech giant Huawei is challenging a US law that labels the company a security risk and would limit its access to the American market for telecom equipment. Huawei Technologies’ lawsuit, announced Thursday, asks a federal court to reject as unconstitutional a portion of this year’s US military appropriations act that bars the government and […]