DOJ

Payments company Visa Inc (NYSE:V) was hit with an antitrust lawsuit by the U.S. Department of Justice (DOJ) Tuesday that analysts say could take years to sort out and will likely hurt shares in the short term. What Happened: The DOJ alleged Visa used anticompetitive practices in the debit network...

Visa Inc. (NYSE:V) a global payments giant reportedly faces charges by the United States Department of Justice for allegedly monopolizing the domestic debit card industry What Happened: DOJ’s antitrust division is expected to accuse Visa in federal court due to its participation in various...

ByeDance-owned TikTok, the widely-used social media platform for creating and sharing short-form videos, has encountered a doubtful panel of judges. What Happened: TikTok and a group of creators are contesting a law, often referred to as “the TikTok ban,” in front of a three-judge panel...

The U.S. Justice Department (DOJ) is looking into Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s AI strategy to assess the potential modifications it may request for addressing the company’s dominance in the search market. What Happened: The DOJ’s request was made...

NVIDIA Corporation (NASDAQ:NVDA) said in a statement to Bloomberg that it has not received a subpoena from the U.S. Department of Justice (DOJ) related to an ongoing investigation into possible antitrust law violations.  The Details: A Nvidia spokesperson said Wednesday in a statement: "Nvidia...

Days after Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg said that the Joe Biden administration "pressured" Facebook to censor certain content on its platforms, the U.S. Department of Justice unveiled a fresh strategy to deal with foreign threats. What Happened: On Tuesday, the DOJ...

NVIDIA Corp (NASDAQ:NVDA) shares are trading lower after hours Tuesday after the company received a subpoena from the U.S. Department of Justice (DOJ).  The Details According to a Bloomberg report, the DOJ sent subpoenas to Nvidia and other companies in an escalation of its investigation into...

A Mississippi seafood distributor and two company managers pleaded guilty on Tuesday to conspiring with others to mislabel seafood and to commit wire fraud by marketing inexpensive and frozen imported substitutes as more expensive and premium local species. Quality Poultry and Seafood Inc. (QPS),...

Deepwater Asset Management’s managing partner Gene Munster said that the potential breakup of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) could unlock substantial value for the company. What Happened: On Wednesday, Munster joined CNBC’s ‘Fast Money’ to discuss the potential...

Analysts, investors, and experts are closely examining the potential impacts of a breakup or restructuring of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) as the Department of Justice considers measures to address Google's dominance in the search market. Legal Case Against Google: Former Department...

Alphabet Inc‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is by far the largest search engine in the world, though a recent court ruling could threaten its dominance. An analyst is still encouraged by Google’s market position given its foray into AI and lead over rival OpenAI’s ChatGPT...

The historic ruling against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of several in the Big Tech antitrust arena. Google, deemed monopolistic, violated antitrust laws with its search engine, Judge Amit Mehta ruled. Some experts say the verdict could affect similar lawsuits against other...

In a landmark ruling, a U.S. federal judge said that Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has unlawfully maintained monopolies in search and text advertising markets. This decision marked a significant win for the Department of Justice led by Jonathan Kanter. What Happened: ...

ByteDance‘s TikTok, one of the most used social media platforms by teens, is the subject of the latest U.S. Department of Justice (DOJ) lawsuit. What Happened: The DOJ and Federal Trade Commission (FTC) filed the lawsuit on Friday in the U.S. District Court for the Central District of...

Nvidia Corp. (NASDAQ:NVDA) stock fell nearly 4% in premarket trading on Friday amid reports of an antitrust investigation by the U.S. Department of Justice over allegations of monopolistic practices in the AI chip market. What Happened: The DOJ has commenced an inquiry into Nvidia following...