Tag Archives: authority

Apple and Google have a “vice-like grip” over people’s mobile phones and their duopoly over the market should be investigated by the proposed new “big tech” regulator, the UK’s competition watchdog has said. The two companies effectively control users’ mobile phone experience in the UK, with Apple’s iOS and Google’s Android operating systems installed on 99.45% of all phones in use in the country. “Apple and Google have developed a vice-like grip over how we use mobile… Source link

The City regulator has warned it will take legal action against Google and social media companies if they continue to accept advertisements for online financial scams that have flourished during the pandemic. The Financial Conduct Authority’s head of enforcement, Mark Steward, told the Treasury select committee on Monday that the UK had been blocked until recently from taking action against online platforms that failed to screen financial adverts to make sure they were approved by an… Source link

The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Germany’s competition authority launched a probe against Alphabet Inc’s (GOOGL.O) Google news showcase, a platform which makes news available on the tech giant’s news website, it said on Friday. Cooperation with Google could be attractive for publishers and other news providers and offer consumers better information services, it said. “However, it… Source link

The GameStop saga (GME) “is a roller coaster ride that just won’t stop,” says Jacob S. Frenkel, Dickinson Wright Chair and former senior counsel in the Securities and Exchange Commission’s division of enforcement. Frenkel told Yahoo Finance Live that “the SEC should have used its trading suspension authority,” even if it was an aggressive approach, several days ago. “GameStop blew through New York Stock Exchange circuit breakers 10 times over 2 trading days,” he said. “So… Source link