The Department of Justice (DOJ) filed an antitrust lawsuit against Visa. The lawsuit alleges that the financial firm holds a monopoly over debit network markets allowing it to charge banks and markets with exorbitant fees that get passed onto consumers and keep rival companies like PayPal and Square from competing on their level.
Talks between Apple and the union for the Apple Store in Oklahoma City have produced a tentative agreement that includes new benefits and protections for its staff. The Penn Square Mall Apple Store in Oklahoma City announced they’ve reached a “tentative labor agreement” with Apple and the Communication Workers of America (CWA), according to a released statement.
Google is facing yet more scrutiny over its ad tech practices after the UK’s competition watchdog provisionally found that the company is abusing its dominant market position.
A Texas judge denied Media Matters for America’s request for a dismissal on Thursday allowing X’s lawsuit over alleged anti-semitic and racist content. The Verge reported that Northern District of Texas Judge Reed O’Connor dismissed the request for a dismissal paving the way for X’s lawsuit against Media Matters to continue.
Yelp has filed an antitrust lawsuit against Google.
HP is the latest recipient of CHIPS and Science Act funding. The Biden-Harris Administration said on Tuesday that the Department of Commerce has agreed to preliminary terms with the company to funnel up to $50 million into modernizing the company’s Oregon-based plant. The expansion of HP’s “lab-to-fab” facility, which combines R&D with chip manufacturing, is expected to create over 250 jobs.
Uber has received its largest fine to date, with the Dutch Data Protection Authority (DPA) issuing a €290 million ($324 million) penalty to the rideshare company.
TollBit
The 28-year-old founders of TollBit, a New York-based startup that is all of six months old, think we’re living in the “Napster days” of AI.
The Department of Justice and eight states’ attorney generals filed an antitrust lawsuit against rental software company RealPage on Friday, accusing it of using algorithms to drive up rent prices nationwide. The suit alleges RealPage’s software, YieldStar, gathers sensitive information from landlords and rental companies, which it feeds into algorithms that recommend prices and practices that limit competition and force renters to pay more.
An appeals court has revived an antitrust lawsuit against Amazon filed by the Attorney General of Washington, DC more than three years ago. The online retailer must now face allegations that it illegally raised prices for consumers.