Tag: Acquisitions and Divestitures
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U.S. Argues Meta Built a Social Media Monopoly
The Federal Trade Commission on Monday accused Meta of creating a monopoly that squelched competition by buying start-ups that stood in its way, kicking...
U.S. Prepares to Challenge Meta’s Social Media Dominance
Soon after Mark Zuckerberg co-founded Facebook in his Harvard dorm room in 2004, the social network skyrocketed in popularity. Roughly a decade later, the...
What to Know About Trump’s Antitrust Efforts Against Tech Giants
The Trump administration isn’t letting up on the tech giants.On Monday, the Federal Trade Commission will face off with Meta in court over claims...
Prada to Buy Versace for Nearly $1.4 Billion-OxBig News Network
On Thursday, in the biggest luxury deal of the year, Prada announced it was buying Versace for 1.25 billion euros ($1.38 billion) from Capri...
How Trump’s TikTok Negotiations Were Upended by China and Tariffs-OxBig News Network
Last Wednesday, the Trump administration believed it had a plan to save TikTok.ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors and...