department of justice
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U.S. Accuses Apple of Running a Monopoly
The DOJ alleges Apple’s locking down of the iPhone ‘degraded user experience.’
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Google Allegedly Pays Over $US18 Billion a Year to Be Apple’s Favourite Search Engine
How much is it worth to be the iPhone’s default search engine? Somewhere between $US18 and $US20 billion a year. According to a Bernstein analyst, that’s how much Google is paying Apple to keep its top spot, representing roughly 15% of the iPhone maker’s annual operating profits. Bernstein analysts are looking into Apple’s exposure to…
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10 Bizarre Moments From Day One of Google’s Antitrust Trial
As Google faced off against the Department of Justice on the first day of a hotly anticipated antitrust trial, company lawyer John Schmidtlein laid out an interesting perspective. “This case is really all about Microsoft,” Schmidtlein said. If you can name one search engine other than Google, it’s probably Bing, but Microsoft’s rival search tool…
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Man Who Bought Tesla Stock With COVID Relief Funds Sentenced to 4 Years In Prison
An Oregon man is being hauled off to prison for four years after pulling off a pretty elaborate scam, all in the name of Stonks. The Justice Department announced on Friday that it caught 51-year-old Andrew Lloyd swindling upwards of $US3.4 ($5) million from multiple federal COVID-19 relief programs, and then using that cash to…