Meta is in court against monopoly claims
The US Federal Trade Commission’s (FTC) lawyer on Thursday asked Facebook CEO Mark Zuckerberg to remember the time when FTC had accused Facebook of locking out other companies following its acquisition of photo-sharing service Instagram. “When you were the CEO of Instagram,” Matheson asked Zuckerberg. “We were locked out of Instagram for a year…[and] I didn’t even have an account,” Zuckerberg replied.
John Deere is being sued over farmers’ ability to repair machines
The US Federal Trade Commission (FTC) said it would sue Deere and its subsidiaries, alleging they kept a monopoly power over repairing farm equipment. The agency had filed a complaint against Deere alleging it didn’t give access to its software and kept a monopoly power over repairs. It added that Deere reaps profits from selling parts rather than generic alternatives.
Two courts have halted the megamerger
The US Federal Trade Commission (FTC) on Tuesday won a case against Kroger and Albertsons over their merger. The FTC said the merger would lead to higher prices and fewer choices for consumers. It added that the companies would have much more power over contract negotiations, leading to lower pay and worse benefits. Kroger and Albertsons’ merger was delayed for over a year.
FTC chair Lina Khan’s lawsuit is not related to breaking up Amazon
The US’ Federal Trade Commission (FTC) has filed a lawsuit against Jeff Bezos-led Amazon, accusing the e-commerce company of using “unfair and illegal” tactics to maintain its power. The FTC accused Amazon of using unfair practices to keep competitors away from its website. Amazon said the complaint was “wrong” on the facts and that the company has “vigorously defended” itself against it.
The FTC has an antitrust lawsuit against Amazon
The Federal Trade Commission (FTC) has said it has been looking into Amazon’s Ring doorbell service as well as other areas of Amazon’s business as well. Earlier this year, the FTC had sued Amazon alleging that Ring workers and hackers were illegally spying on customers. Amazon agreed to pay $5.8 million to settle the case.