A trial that began Thursday will serve as a test of the Federal Trade Commission’s argument that Facebook’s parent company is trying to buy its way to dominance in the nascent virtual and augmented reality markets.
Category: Antitrust Laws and Competition Issues
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F.T.C. Sues to Block Microsoft’s $69 Billion Acquisition of Activision
The New York Times – Business:The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies.
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An Activist Investor Takes on BlackRock Over E.S.G.
The New York Times – Business:A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down.
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Video Game Workers at Microsoft and Activision Take Steps to Unionize
The New York Times – Business:Microsoft has remained neutral during a labor organizing bid as the Xbox maker seeks regulatory approval for its Activision acquisition.
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Taylor Swift Fans Sue Ticketmaster’s Parent Company
The New York Times – Music:In a lawsuit filed on Friday in a California court, a group of 26 fans said Ticketmaster had engaged in anticompetitive conduct.
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Chaos Over Taylor Swift Ticket Sales Prompts a Senate Hearing
The New York Times – Business:A committee led by Senator Amy Klobuchar of Minnesota will examine the ticketing industry after failures last week frustrated millions of the superstar’s fans.
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Ticketmaster’s Parent Company Said to Face Justice Department Investigation
The New York Times – Music:The inquiry predates the botched presale of Taylor Swift tickets this week and is said to focus on whether Live Nation has abused its power in the live music industry.
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Lawmakers Criticize Ticketmaster After Taylor Swift Presale Snafus
The New York Times – Music:Several Democratic House members said the company has become too much of a monopoly since its merger with Live Nation in 2010.
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Google Agrees to $392 Million Privacy Settlement With 40 States
The New York Times – Business:Under the agreement, which state attorneys general said was the largest U.S. internet privacy settlement, Google must also make its location-tracking practices clearer to users.