US technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices. Some investors fear the pump is primed for a tech-fuelled sell-off.
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Half a decade ago, the billionaire founder of Epic Games sparred with Microsoft over the way the software giant treated small application developers. Now he’s launched a legal broadside against Apple and Google.
Fitbit on Tuesday unveiled a fitness tracker and two smartwatches, including one that purports to help monitor users’ stress levels, as the company’s pending sale to Google remains mired in antitrust reviews.
Apple became the first publicly listed US company with a $2-trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem.
Apple has failed to adapt to the outsized role it plays in the smartphone market. A dispute with the makers of the popular Fortnite game app brings that failure into the spotlight.
Internet giant Google on Monday criticised proposed Australian antitrust laws, saying its free search service would be “at risk” and users’ personal data could be shared if it is made to pay news organisations.
Fortnite creator Epic Games found support from its legions of gamers for suing Apple and Google after the tech giants dropped the popular videogame from their app stores for violating payment guidelines.
Over the past several days, however, videogame developers ranging from Epic Games, Microsoft and Facebook, have ensured that Apple doesn’t dodge scrutiny over its App Store practices and policies.
The US justice department is moving “full tilt” on its antitrust investigation of Google and other Big Tech platforms, the department’s second-ranking official said.
Apple and Google on Thursday removed Fortnite from their app stores for violating the in-app payment guidelines, prompting developer Epic Games to file antitrust lawsuits challenging their rules.