Apple

Warren Buffett’s Stance on Apple Stock: Will the DOJ Antitrust Lawsuit Affect His Investment?

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Omaha, NE – Warren Buffett, the renowned billionaire investor, has been a long-time supporter of Apple (NASDAQ: AAPL). However, recent reports suggest that Buffett’s enthusiasm for the tech giant may be waning. In the fourth quarter of 2023, Buffett’s company, Berkshire Hathaway, reduced its stake in Apple. This decision was made prior to the announcement from the U.S. Department of Justice (DOJ) that they, along with 16 state and district attorneys general, were filing an antitrust lawsuit against Apple. The lawsuit alleges that Apple violated antitrust laws by maintaining a monopoly in the smartphone market. … Read more

Apple and Drake Seek Exclusion from Lawsuit Over Astroworld Tragedy as Trial Approaches

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Houston, Texas – Apple and rapper Drake have filed motions seeking to be excluded from the lawsuit filed by victims of the 2021 Astroworld tragedy. The motions were filed in Harris County’s 11th Civil District Court and come as attorneys work to determine who is responsible for the deadly concert that killed 10 people and injured others. As the first trial approaches in May, the plaintiffs and defendants, including Travis Scott, Live Nation, and ASM Global, are preparing for a courtroom battle with their expert witnesses. All parties involved in the case are under a … Read more

EU Launches Investigation into Tech Giants Apple, Meta, and Google under Digital-Competition Law

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BRUSSELS, Belgium – Tech giants Apple, Google, and Meta are facing investigations by the European Union (EU) under new digital-competition laws. The EU is examining whether these companies have violated regulations that aim to prevent anti-competitive behavior and safeguard fair competition in the digital market. This move by the EU comes as part of their broader efforts to regulate and control the power of big tech companies. The investigations are centered around concerns that Apple, Google, and Meta may have engaged in anti-competitive practices, giving them an unfair advantage over their competitors. While specific details … Read more

EU Launches Landmark Probes into Apple, Alphabet, and Meta under New Digital Markets Act

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BRUSSELS – The European Union has launched investigations into tech giants Apple, Alphabet, and Meta under a groundbreaking new law aimed at curbing their market dominance. The European Commission announced on Monday that it will probe whether Apple and Alphabet have unfairly favored their own app stores, as well as Meta’s use of personal data for advertising. These investigations mark the first application of the Digital Markets Act (DMA), which came into effect earlier this month to address the influence of large online platforms. If found in violation, the companies could face substantial fines of … Read more