Tag: Anti-Competition Issues

China regulators near $1 billion fine on food-delivery giant Meituan

SINGAPORE—China’s antitrust regulator is preparing to impose a roughly $1 billion fine on food-delivery giant Meituan for allegedly abusing its dominant market position to the detriment of merchants and rivals, according to people familiar with the matter. The penalty could be announced in the coming weeks, and Meituan 3690, +1.23% would be required to revamp […]

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Opinion: Big Tech is headed for its biggest year yet, and it isn’t even close

If government regulators around the world thought Big Tech was too big last year, 2021 has not changed their mind. Alphabet Inc. GOOGL, -0.23% GOOG, +0.12%, Amazon.com Inc. AMZN, -0.84%, Apple Inc. AAPL, +0.46%, Facebook Inc. FB, -4.01% and Microsoft Corp. MSFT, +0.10% experienced an unprecedented first half of the year financially, with $650 billion […]

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Biden’s executive order targeting big business and competition: full text

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:   Section 1.  Policy.  A fair, open, and competitive marketplace has long been a cornerstone of the American […]

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