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Antitrust Fines – XtremeCuztoms

Category: Antitrust Fines

Google, in Fight Against Record $5 Billion EU Fine, Slams Regulators for Ignoring Apple

September 28, 2021
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As Google attempted to annul a record fine of 4.34 billion euro ($5.1 billion) related to the monopolistic practices of the Android ecosystem, the company censured EU antitrust regulators for disregarding Apple’s key position in the market. “The Commission shut its eyes to the real competitive dynamic in this industry, that between Apple and Android,”…

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China’s Meituan Reports 3rd Quarterly Loss, Warns on Antitrust Fines

August 31, 2021
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BEIJING—Chinese food delivery giant Meituan warned it could be required to pay “a significant amount” of antitrust fines and posted a third consecutive quarterly loss on Monday as it continued to invest in expanding its various businesses. Meituan, China’s eighth largest company by market value, has faced regulatory heat as authorities crack down on the…

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