The Clayton Antitrust Act was also passed in 1914 and the Clayton Act regulates business activities and it defines the unethical business practices, including the creation of monopolies. The Federal Trade Commission Act was passed in 1914 and this law made the Federal Trade Commission or FTC as an independent government agency that is tasked with enforcing consumer protection and antitrust laws. The Sherman Antitrust Act is a law that prevents groups of businesses from working together or merging to create a monopoly to control the pricing in a single market. Today, the Sherman Act, the Federal Trade Commission Act, and the Clayton Act all work together to make sure that there is fair competition across the economy. The first antitrust law, called the Sherman Antitrust Act, was passed in 1890. When businesses compete and monopolies are prevented from happening, companies have strong incentives to operate efficiently, keep the prices down and keep the quality up, according to the FTC.Īntitrust laws are the pillars that support the capitalism in the United States, and other countries in the world. What is an antitrust lawsuit?Īntitrust laws were created by Congress to preserve competition among businesses and prevent any one business from dominating its respective industry and creating a monopoly, eventually undermining the other businesses. Meanwhile, Apple is battling Epic Games in another antitrust lawsuit. Google is also facing multiple antitrust lawsuits from attorneys general and the Justice Department. The company has since filed to dismiss the charges. They are looking to unwind Facebook's purchases of WhatsApp and Instagram. The Federal Trade Commission and dozens of attorneys general laid charges against Facebook last year. The likes of Google, Facebook, and Apple are not safe from the antitrust scrutiny on the other side of the globe. The DMU is tasked with creating and enforcing a code of conduct for major tech companies. Meanwhile, a CMA department called the Digital Markets Unit or DMU will get up and running in April. This year, the CMA has opened investigations into Apple's App Store fees and Google's plan to remove third-party tracking cookies. Facebook has declined to comment over the matter when Engadget reached out for a statement. The timing and the scope of the CMA investigation could eventually change. FTC and other regulatory agencies in their review of the Amazon-iRobot merger.Also Read: Facebook Antitrust Lawsuit FTC: 48 States Push Social Media Giant to Divest Instagram and WhatsApp Amid Monopoly Allegations Consumer groups had voiced concerns after the deal was announced last year that it would further the e-commerce giant's dominance in the smart home market.Īmazon said it’s “working cooperatively with the relevant regulators in their review of the merger.”īedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, said it “continues to work cooperatively with both the U.S. by the Federal Trade Commission amid worries about Amazon's growing market power. The acquisition is already facing a review in the U.S. watchdog invited comments on the deal from “any interested party.” The Competition and Markets Authority said Thursday that it's considering whether the deal will result in a “substantial lessening of competition” within the United Kingdom. LONDON - British antitrust regulators have started investigating Amazon's purchase of robot vacuum maker iRobot, adding further scrutiny to the $1.7 billion deal.
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