Nvidia Corp’s acquisition of Arm will harm competition: Elon Musk

Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…

Nvidia Corp approaches Chinese competition regulators to approve $40 billion deal to acquire UK chip designer Arm

On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…

TikTok’s owner ByteDance agrees to settle $92M class-action lawsuit

According to a document filed in the U.S. District Court in Illinois, China’s ByteDance has agreed to settle a $92 million class-action lawsuit from U.S. TikTok users who had alleged data privacy concerns. ByteDance, TikToko’s owner, has agreed to the settlement after more than a year of litigation. “While we disagree with the assertions, rather…

Amazon’s cloud business facing antitrust scrutiny from FTC

As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…

50 state attorney general to collaborate with telecom firms to combat unwanted calls

Robocalls have emerged as the single largest source of complaints to authorities. In a significant development, the attorneys general from 50 U.S. states as well as from the District of Columbia stated, they are joining forces with major U.S. telecommunications providers, including Comcast Corp, AT&T Inc, T-Mobile Us Inc, Verizon Communications Inc, and Sprint Corp…

Facebook to pay $5 billion fine as part of a sweeping settlement with the FTC

While the settlement resolves a major regulatory overhead for Facebook, the embattled social media giant still faces potential antitrust probes from the FTC and Justice Department. On Wednesday, in a significant development, the Federal Trade Commission stated, Facebook Inc has agreed to pay $5 billion as part of a sweeping settlement to create a board…

Qualcomm’s licensing practices are in violation of U.S. antitrust law – court ruling

The ruling has significant ramifications for Qualcomm. The U.S. chipmaker has yet to disclose whether it will go on an appeal. In what is likely to be a landmark ruling, a U.S. judged has ruled that Qualcomm Inc has unlawfully suppressed competition in the market for cellphone chips and used its dominant position to impose…

Amazon.com’s smart speaker business coule be probed by FTC

Amazon.com’s alleged data collection through its smart speakers of children is in violation of the Children’s Online Privacy Protection Act (COPPA). In a potentially significant development, 4 senators from the United States have urged the Federal Trade Commission to investigate Amazon.com’s smart speaker which target children. Senators Richard Blumenthal, Edward J. Markey, Josh Hawley and…

Facebook approaches settlement with the FTC over consumer data data breach violations

The focus of the FTC’s investigation into Facebook’s data breach was whether the sharing of personal data of 87 million users with British political consulting firm Cambridge Analytica violated its 2011 agreement with the FTC wherein it had pledged to safeguard user’s privacy. As per a report from the Wall Street Journal citing sources familiar…

Apple may have breached antitrust rules in Japan

Following a multi-year investigation, Japan’s regulator has found Apple’s contracts with mobile service providers to be in possible violation of the country’s antitrust rules. On Wednesday, Japanese regulators disclosed Apple Inc may have broken the country’s antitrust rules given the fact that it forces the country’s mobile service providers to sell its iPhones at cheap…