Facebook shares rose more than 4% after a US antitrust case was thrown out of court. The share price rise put Facebook’s market capitalisation over $1-trillion for the first time.
US antitrust officials are nearing a final decision on bringing a lawsuit against Facebook that accuses the social media giant of using its dominance to harm competition.
Japan will join forces with the US and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday.
Qualcomm forced Apple to use its chips exclusively in return for lower licensing fees, unfairly cutting out competitors, the US said in a lawsuit against the biggest maker of mobile phone chips. Qualcomm’s exclusive deal with Apple was detailed