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US DOJ Files an Apple Antitrust Lawsuit in New Jersey Federal Court
US DOJ FILES AN APPLE ANTITRUST LAWSUIT IN NEW JERSEY FEDERAL COURT.
— FinancialJuice (@financialjuice) March 21, 2024
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U.S. JUSTICE DEPARTMENT AND 17 STATES FILE ANTITRUST LAWSUIT AGAINST APPLE FOR MONOPOLIZATION OF SMARTPHONE MARKETS || APPLE IMPOSED RESTRICTIVE RULES FOR APP STORE TO EXTRACT HIGHER FEES, THWART INNOVATION AND CURB COMPETITION - JUSTICE DEPT LAWSUIT
— First Squawk (@FirstSquawk) March 21, 2024
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U.S. ATTORNEY GENERAL GARLAND SAYS IF LEFT UNCHALLENGED APPLE "WILL ONLY CONTINUE TO STRENGTHEN ITS SMARTPHONE MONOPOLY" || DOJ SUIT ALLEGES APPLE BLOCKS GROWTH OF SOME APPS, SUPPRESSES MOBILE CLOUD STREAMING SERVICES, EXCLUDES SOME MESSAGING APPS, DIMINISHES FUNCTIONALITY OF…
— First Squawk (@FirstSquawk) March 21, 2024
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Apple maintains illegal monopoly to ensure iPhone’s dominance, landmark DOJ lawsuit alleges
Apple violated antitrust laws by blocking fair competition to ensure the dominance of its iPhone, the Justice Department alleged Thursday in a long-awaited federal lawsuit that could upend the business model of the world’s second-most valuable company. Filed in a New Jersey federal court by the DOJ and 16 state attorneys general, the lawsuit alleges that Apple has maintained an illegal monopoly over the smartphone market through unfair tactics, such as onerous App Store fees and restricted developer access to key features of its products, resulting in higher prices and fewer choices for American shoppers. ... (full story)