Global News | World latest News| Trending News
For the past three weeks, the Justice Department and Google have questioned more than two dozen witnesses to try to sway a federal judge’s decision over how to address the company’s illegal monopoly in internet search. On Friday, that hearing in the U.S. District Court for the District of Columbia is expected to conclude. To…
Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate. This method — known as value investing — had existed long before Mr. Buffett, now 94, began…
A federal judge issued a landmark ruling last year, saying that Google had become a monopolist in internet search. But in a hearing that began last week to figure out how to fix the problem, the emphasis has frequently landed on a different technology, artificial intelligence. In U.S. District Court in Washington last week, a…
Google’s chief executive, Sundar Pichai, told a federal judge on Wednesday that a government proposal to break up the company would hobble the business, as he aimed to stave off drastic changes to fix an illegal monopoly in online search. Judge Amit P. Mehta of the U.S. District Court for the District of Columbia ruled…
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…
The Trump administration isn’t letting up on the tech giants. On Monday, the Federal Trade Commission will face off with Meta in court over claims that the social media giant snuffed out nascent competitors when it bought Instagram and WhatsApp. And on April 21, the Justice Department will argue that a federal judge should force…
