Sixteen major universities across the U.S., including some Ivy League schools, are being sued over antitrust violations. A new lawsuit filed in Illinois argues that certain universities are engaging in price fixing and unfairly limiting student financial aid. Yale University, Georgetown University, Northwestern University, ...Read More

Chinese authorities have introduced a slew of legislation in the past few months, largely aimed at the tech sector — a move that’s spooked investors and wiped out billions of dollars in value from the country’s internet giants. The legislative onslaught began in November ...Read More

France’s competition regulator fined Google 500 million euros ($592 million) on Tuesday for failing to negotiate in good faith with French publishers in a dispute over payments for their news. The agency threatened fines of another 900,000 euros (around $1 million) per day if ...Read More

The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday. With the approval during a marathon, partisan hearing, the more than 400 page ...Read More

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibaba’s 2019 domestic revenues, comes ...Read More

In the face of intensive public, political and regulatory pressure concerning its business practices, Facebook has hired its first chief compliance officer, Henry Moniz. The Wall Street Journal reported that Moniz will report into Facebook’s general counsel, Jennifer Newstead, and to a board committee ...Read More