Tag: competitors

Facebook is a social network monopoly that buys, copies or kills competitors, antitrust committee finds

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  • The House Antitrust Subcommittee determined Facebook wields monopoly powers in social network and has maintained its position by acquiring, copying or killing its competitors, according to a report released by the subcommittee on Tuesday. 
  • The report describes an exchange in which Mark Zuckerberg suggested to Instagram Co-founder Kevin Systrom that “refusing to enter into a partnership with Facebook, including an acquisition, would have consequences for Instagram.”
  • The report recommends that Congress review a series of potential remedies. This includes “structural separation,” which could “require divestiture and separate ownership of each business.”



Mark Zuckerberg in a blue shirt: Facebook CEO Mark Zuckerberg speaks at an event at Facebook's Headquarters office in Menlo Park, California on January 15, 2012.

© Provided by CNBC
Facebook CEO Mark Zuckerberg speaks at an event at Facebook’s Headquarters office in Menlo Park, California on January 15, 2012.

The House Judiciary subcommittee on antitrust determined Facebook wields monopoly powers in social network and has maintained its position by acquiring, copying or killing its competitors, according to a report the group released on Tuesday. 

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Apple stops selling headphones from competitors like Sonos and Bose

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  • Apple has stopped selling headphones and speakers from third parties including Sonos and Bose.
  • Apple now only sells audio accessories which are either own-brand or Beats, which is owned by Apple.
  • Bloomberg reported Apple is clearing the decks ahead of announcing new audio products.
  • Visit Business Insider’s homepage for more stories.

Apple has pulled all headphones and speakers from companies including Bose, Sonos, and Logitech from both its online and physical stores.

Bloomberg first reported the news.

Headphones and speakers from rival brands disappeared from Apple’s online store at the end of last month, and in Apple’s physical retail locations employees have been instructed to remove products for sale over the past few days, according to Bloomberg. 

Bose confirmed to Bloomberg that Apple will no longer sell its accessories, and wireless speaker company Ultimate Ears said it had been informed by Apple that: “They will no longer carry third-party speakers

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EU may require Apple to give competitors access to Apple Pay tech

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Apple may have to open up its contactless payment technology at the core of Apple Pay to competitors if the European Union rules that Apple’s restrictions unfairly hurt competitors.

The new laws would prevent mobile device manufacturers from barring access to a device’s near-field communications (NFC) chip. These chips are commonly embedded in smartphones, like the iPhone, but also both the iPad and Apple Watch.

In October, the EU began asking payment companies for feedback on Apple Pay as part of an antitrust investigation. Competitors, such as banks and alternative payment methods, have argued that Apple Pay makes alternative payment services less attractive.

“In parallel with its ongoing and future competition enforcement, the Commission will examine whether it is appropriate to propose legislation aimed at securing a right of access under fair, reasonable and non-discriminatory conditions, to technical infrastructures considered necessary to support the provision of payment services,” the EU

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