Strategy in TECH...
Last week, we learned that the status of a major antitrust action filed against Amazon (Nasdaq: AMZN) is changing. Filed by the State of California in San Francisco Superior Court in 2022, the matter is coming closer to fruition with a trial scheduled to begin next year. In the meantime, more salacious details are emerging from the investigation’s findings as previously sealed court documents were recently unsealed.
Some of those details are quite ugly.
The European Commission, the EU’s antitrust regulatory unit, after a 17-month investigation of online price fixing and other illegal anti-competitive practices has levied a fine of €111.2 million ($130 million) against four prominent consumer electronics brands, including Pioneer Corp., D&M Holdings Inc. of Japan, Koninklijke Philips NV of the Netherlands, and AsusTek Computer, Inc. of Taiwan. The companies were alleged to have imposed fixed or minimum online prices for their products.
