Tag

Monopolization

All articles tagged with #monopolization

business2 hours ago•18 min saved

HFPA Sues Penske Media Over Golden Globes Deal, Claiming Monopoly Scheme

The Hollywood Foreign Press Association filed a California federal lawsuit against Penske Media, alleging a clandestine plan to acquire the Golden Globes and monopolize the Hollywood trades. The HFPA seeks at least $150 million and an order unwinding the acquisition, arguing claims including monopolization, unjust enrichment and fraudulent misrepresentation, and noting industry Boycott pressure that followed the deal’s closing more than three years ago.

via The Hollywood Reporter|

#business #golden-globes #hfpa

business6 months ago•1 min saved

FTC Appeals Meta Monopoly Verdict to Higher Court

The Federal Trade Commission says it will appeal a November 2025 DC District Court ruling that favored Meta in the monopolization case, with the appeal to be heard by the DC Circuit Court of Appeals. The FTC contends Meta has maintained a decade-long personal social networking monopoly through anticompetitive conduct, including acquisitions of threats like Instagram and WhatsApp, and will continue pursuing the case to promote competition and protect consumers.

via Federal Trade Commission (.gov)|

#antitrust #appeals #business

ai3 years ago•2 min saved

"Google AI Recommends Shutdown, ChatGPT Emerges as Alternative"

Google's AI chatbot, Bard, sided with the US government in a hypothetical case where the government sues Google for monopolization of digital advertising. Bard admitted that Google engages in anticompetitive behavior and hurts consumers by acquiring competitors and forcing users to use their advertising tools. While this may be a blow to Google, Bard is not the most reputable AI tech and has had some struggles in the past.

via Giant Freakin Robot|

#ai #antitrust #bard-ai