March 24, 2024
Tech News
Antitrust regulators in the US and EU are targeting tech giants like Apple and Alphabet’s Google for alleged anti-competitive practices. They are considering break-up orders to restore competition and prevent the creation of “walled gardens” around their products. This move could lead to hefty fines or break-up orders for repeated breaches.
Disney+ Hotstar Malaysia is increasing its subscription prices, introducing a Basic Plan and a Premium Plan with significant price hikes. Existing customers will be migrated to the new Premium quarterly plan, with prices increasing by up to 47%.
A US appeals court has ruled against Meta Platforms in a class action lawsuit by advertisers. The lawsuit accuses Meta of overcharging by fraudulently inflating viewer numbers, potentially facing over $7 billion in damages.
Tech Explained
Antitrust Regulators – Antitrust regulators are government agencies responsible for enforcing laws that promote fair competition in the marketplace and prevent monopolies.
Subscription Pricing – Subscription pricing is a business model where customers pay a recurring fee at regular intervals to access a product or service.
Class Action Lawsuit – A class action lawsuit is a legal action filed by a group of people who have suffered similar harm or damages against a defendant, allowing them to sue as a group rather than individually.
