Spain has fined Amazon and Apple a total of 194.1 million euros (over $218 million) for antitrust violations. According toReuters, the penalties relate to a deal the companies made in 2018 that made Amazon an authorized Apple dealer but also included alleged anti-competitive clauses.
Elon Musk, Larry Ellison and other current and former members of Tesla's board of directors will return $735 million to settle claims that they massively overpaid themselves, Reuters has reported. The deal wraps up a saga that started in 2020 stemming from a lawsuit filed by a police and firefighter retirement fund challenging stock options granted to Tesla's board starting in 2017.
Biden administration officials can freely communicate with social media companies — for now. The 5th Circuit Court of Appeals has put a pause on Judge Terry A. Doughty's order that prohibits most federal officials from talking to companies like Meta about content.
The workers at eBay-owned TCGplayer, a marketplace for trading card games such as Magic: The Gathering, have voted in favor of joining a union. eBay purchased the company in 2022 for a deal valued up to $295 million, but the website continues to operate independently.
FTX founder and former CEO Sam Bankman-Fried may be stuck using a dumb phone for the foreseeable future.
Yuji Naka has pleaded guilty to insider trading charges filed last fall. The Sonic the Hedgehog co-creator has admitted to violating Japanese financial law by buying shares in the game studio Aiming before its team-up with Square Enix on Dragon Quest Tact became public.
Nishad Singh, a co-founder of collapsed cryptocurrency exchange FTX, has pleaded guilty to US federal fraud and conspiracy charges. Singh, who was FTX's director of engineering, is the third member of Sam Bankman-Fried's inner circle to agree to cooperate with prosecutors in the case against him.
Back in 2021, the European Commission issued antitrust charges against Apple after deciding that the company may be abusing its dominant position when it comes to music streaming apps. The commission sent the tech giant a Statement of Objections listing issues that it believes warrant further investigation.