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The last time the courts seriously weighed the wisdom of breaking up a giant technology company was a quarter-century ago, after Microsoft was found to have illegally stifled competition in personal computer software. A Federal District Court judge said yes to forcing Microsoft to split in two, separating its monopoly Windows operating system from its…
In a second day on the stand of a landmark antitrust trial, Mark Zuckerberg, the chief executive of Meta, said he bought Instagram and WhatsApp because it was difficult to build new apps and dodged questions about whether he was trying to snuff out competitive threats to his company. “Building a new app is hard,”…
The last time the courts seriously weighed the wisdom of breaking up a giant technology company was a quarter-century ago, after Microsoft was found to have illegally stifled competition in personal computer software. A Federal District Court judge said yes to forcing Microsoft to split in two, separating its monopoly Windows operating system from its…
The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying start-ups that stood in its way, kicking off a landmark antitrust trial that could dismantle a social media empire that has transformed how the world connects online. In a packed courtroom in the U.S. District Court of the…
In 2012, when Facebook chief executive Mark Zuckerberg cut a $1 billion check to buy the photo-sharing app Instagram, most people thought he had lost his marbles. “A billion dollars of money?” joked Jon Stewart, then the host of The Daily Show. “For a thing that kind of ruins your pictures?” Mr. Stewart called the…
Soon after Mark Zuckerberg co-founded Facebook in his Harvard dorm room in 2004, the social network skyrocketed in popularity. Roughly a decade later, the company experienced another round of explosive growth after buying its smaller rivals Instagram and WhatsApp, cementing its place in social media. On Monday, Judge James Boasberg of the U.S. District Court…
“Inconsistent with my administration’s priorities” Business leaders and deal makers have already been grappling with a whirlwind of chaos from the Trump administration across various fronts, which they have said has disrupted key decisions. But in many ways, President Trump’s firing of the Federal Trade Commission’s two Democratic commissioners is a major shock to the…
President Trump fired the two Democratic members of the Federal Trade Commission on Tuesday, a rejection of the corporate regulator’s traditional independence that will clear the way for the administration’s agenda and could draw a legal challenge. The White House told the Democrats, Rebecca Kelly Slaughter and Alvaro Bedoya, that the president was terminating their…
The nation’s largest association of psychologists this month warned federal regulators that A.I. chatbots “masquerading” as therapists, but programmed to reinforce, rather than to challenge, a user’s thinking, could drive vulnerable people to harm themselves or others. In a presentation to a Federal Trade Commission panel, Arthur C. Evans Jr., the chief executive of the…
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada. David Becker | Getty Images The Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly on repair services that raises costs and creates delays for…
