Google pays Apple 36% of its search advertising revenue from Safari, according to new details brought to light in Google’s search antitrust trial on Monday as reported by Bloomberg. The mere utterance of the number, which Google and Apple have tried to keep sealed, caused Google’s main litigator John Schmidtlein to visibly cringe. “Like the Read more about Google Witness Spills on Apple’s Cut From Safari Search Revenue[…]
In response to criticism suggesting that the ban on short selling implemented on Nov. 6 is a “political decision” aimed at next year’s general election, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), directly refuted the claims, stating, “About 100 stocks were identified as targets for naked short selling.” He said that it Read more about Korean Financial Regulator Chief: About 100 Stocks Targeted in Naked Short Selling, Indicating Pervasive Illegality[…]
Amazon and Meta have agreed to not use data collected from their marketplaces to unfairly benefit themselves, the UK’s Competition and Markets Authority announced on Friday. The monopoly watchdog launched separate investigations into both internet giants’ business practices, and accused the Big Tech duo of not only gathering up information about sellers using their respective Read more about Amazon and Meta to stop using rivals marketplace data to undercut their products.[…]
It looks like Amazon is hellbent on keeping its spot as the biggest online retailer — even if that means hurting both sellers and customers. In September, the FTC filed a long-expected antitrust lawsuit against Amazon over its alleged use of illegal strategies to stay on top. Details of the suit were previously withheld from Read more about Unredacted documents in the FTC’s Amazon lawsuit shed light on the company’s secret price-gouging algorithm[…]
Over the summer, BMW finally backed down on its heated seat subscription program from sheer public outrage and bad press. This response apparently hasn’t deterred its rival Audi, however, as the German car company plans to make more new software features paid options on its next generation of vehicles. Pioneered on the E-Tron and E-Tron Read more about Audi Will Make You Pay A Subscription For More Features You Already Bought Starting Next Year[…]
Google CEO Sundar Pichai upheld the company’s decision to pay out billions of dollars to remain the top global search engine at the U.S. anti-trust trial on Monday, according to a report from The Wall Street Journal. Pichai claimed he tried to give users a “seamless and easy” experience, even if it meant paying Apple Read more about Google CEO Defends Paying $26b in 2021 to Remain Top Search Engine[…]
Amazon used an algorithm code-named “Project Nessie” to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the Federal Trade Commission’s monopoly lawsuit against the company. From a report: The algorithm helped Amazon improve its profit on items across shopping categories, and because of the Read more about Amazon Used Secret ‘Project Nessie’ Algorithm To Raise Price[…]
Travel website Booking.com has left many hotel operators and other partners across the globe thousands of dollars out of pocket for months on end, blaming the lack of payment on a “technical issue”. The issue is widespread in Thailand, Indonesia and Europe among hoteliers who are venting their frustrations in Facebook groups as rumours swirl Read more about Booking.com not passing on payments to hotels for months on end[…]
Amazon has partially won in an EU court case related to European Union ecommerce market regulation laws, which come under the Digital Services Act (DSA). On Thursday, the EU General Court ruled in favour of Amazon, by agreeing to suspend a requirement under the DSA that Amazon is obligated to follow and make an ads Read more about Amazon Partially Wins Against EU Digital Services Act[…]
In the world of business, “audit readiness” is not just another buzzword—it’s a critical aspect of maintaining financial integrity and ensuring smooth operations. Whether you’re a seasoned entrepreneur or a small business owner, understanding what audit readiness entails can make the difference between success and financial turmoil. In this article, we’ll delve into the ins Read more about Essential Tips for Achieving Audit Readiness[…]
The FTC – and 17 state attorneys general – have come out swinging at Amazon with a lawsuit accusing the ecommerce giant of being a monopolist. Amazon, the FTC alleges, engages in anticompetitive conduct in two markets: online ecommerce and also the market for marketplace services used by sellers. The tactics used by Amazon to Read more about FTC and 17 states finally go after Amazon monopoly in new antitrust lawsuit[…]
The European Commission has imposed a €376.36 million ($400 million) fine on Intel for blocking the sales of devices powered by its competitors’ x86 CPUs. This brings one part of the company’s long-running antitrust court battle with the European authority to a close. If you’ll recall, the Commission slapped the chipmaker with a record-breaking €1.06 Read more about EU reinstates $400 million fine on Intel for blocking sales of competing chips[…]
Amazon has always handled its streaming video slate a little differently than the competition. Other companies have slyly introduced a cheaper ad-free option while slowly raising prices on non-ad-based subscription tiers, Prime Video is taking a different tack. The streaming service plans to hold ad-free watching hostage, and it’s demanding a $3 ransom starting early Read more about Amazon Will Stick Ads on Prime Video Unless You Pay Up MOAR – wasn’t the model to pay to not have ads in the first place?[…]
Alphabet’s Google pays more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, stifling competition, the US Justice Department said Tuesday at the start of a high-stakes antitrust trial in Washington. From a report: “This case is about the future of the internet and Read more about Google Pays $10 Billion a Year To Maintain Monopoly, US Says[…]
Last year, BMW underwent media and customer hellfire over its decision to offer a monthly subscription for heated seats. While seat heating wasn’t the only option available for subscription, it was the one that seemed to infuriate everyone the most, since it concerned hardware already present in the car from the factory. After months of Read more about BMW Ends Heated Seat Subscriptions Because People Hated It[…]
The Act (DSA) sets rules that the EU designed to make very large online platforms (VLOPs) “tackle the spread of illegal content, online disinformation and other societal risks” presented by online service providers.” The DSA and the Digital Market Act (DMA) are a double act. Both were introduced in 2022 and will be implemented in Read more about Europe’s new DSA and DMA rules for Big Tech in force[…]
The same federal agency that once helped bring down the biggest crypto-based dark web drug marketplace Silk Road got swindled by one of the oldest tricks in the crypto scammer playbook. The U.S. Drug Enforcement Administration reportedly handed a fraudster a little more than $55,000 in confiscated crypto funds after it was duped by a Read more about DEA Falls for Crypto Airdrop Scam, Hands Fraudster $55,000 in Stolen Funds[…]
A buzzy startup offering financial infrastructure to crypto companies has found itself bankrupt primarily because it can’t gain access to a physical crypto wallet with $38.9 million in it. The company also did not write down recovery phrases, locking itself out of the wallet forever in something it has called “The Wallet Event” to a Read more about Crypto Infra Startup Bankrupt After Losing Password to $38.9 Million Physical Crypto Wallet[…]
A Wednesday statement from the Commission brought news that in late July it wrote to Google to inform it of the ₩42.1 billion ($31.5 million) fine announced, and reported by The Register, in April 2023. The Commission has also commenced monitoring activities to ensure that Google complies with requirements to allow competition with its Play Read more about South Korea ‘puts the brakes’ on Google app store dominance[…]
HP has failed to shunt aside class-action legal claims that it disables the scanners on its multifunction printers when their ink runs low. Though not for lack of trying. On Aug. 10, a federal judge ruled that HP Inc. must face a class-action lawsuit claiming that the company designs its “all-in-one” inkjet printers to disable Read more about HP in class action for bricking scanners and print functions when ink runs low, using less than 50% of ink for actual printing[…]
Third-party merchants on Amazon who ship their own packages will see an additional fee for each product sold starting on Oct. 1st. Sellers could previously choose to ship their products without contributing to Amazon, but the new fee means members of Amazon’s Seller Fulfilled Prime program will be required to pay the company 2% on each Read more about Amazon Now Punishes Merchants Who Ship Their Own Products – flexing monopoly![…]
Tesla has added a new Standard Range trim for both its aging Model S and Model X luxury cars this week, effectively slashing the barrier to entry for the automaker’s flagship sedan and SUV by a staggering $10,000 each. The Model S SR now comes in at $78,490, and the Model X SR at $88,490—both Read more about Tesla’s New Range-Limited Model S, X Can Go Further, but are software locked[…]
Ilya Lichtenstein and Heather Morgan on Thursday pleaded guilty to money-laundering charges related to the 2016 theft of some 120,000 Bitcoins from Hong Kong-based Bitfinex. The Feds arrested Lichtenstein, 35, and Morgan, 33, in February 2022 following the US government’s tracing of about 95,000 of the stolen BTC – worth about $3.6 billion at the Read more about Couple admit laundering $4B of stolen Bitfinex Bitcoins[…]
Royal Mail’s stamps are finally entering the digital world, with printed codes that can be used to track letters or linked to videos. Collectors, traditionalists and royalists are not amused […] In February, Royal Mail introduced a new design for its standard stamps, which have changed so little since the launch of the Penny Black Read more about ‘Eventually it will just be a barcode, won’t it?’ Why Britain’s new stamps are causing outrage and upset[…]
Mercedes-Benz has new finalized pricing on its vexing “Acceleration Increase” subscription revealed last year that can eke out more electric performance — without any physical modification — from the automaker’s current EQE and EQS EV models, Car and Driver reports. The updated Acceleration Increase pricing starts at $60 per month, or you can save about Read more about Mercedes: Pay us again to unlock full accellaration on EQS and EQE – yes you already own the hardware.[…]