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Google to pay Klarna $2 billion in Swedish antitrust suit
Yahoo Finance Video45d agoneutralVIDEO
Google to pay Klarna $2 billion in Swedish antitrust suit

Yahoo Finance Tech Editor Dan Howley breaks down some of the day's biggest headlines, including Alphabet's Google (GOOG, GOOGL) being ordered by a Swedish court to pay nearly $2 billion to buy now, pay later platform Klarna (KLAR) in an antitrust suit.

Ford Reputation Deeply Damaged by 740,000 Recall
24/7 Wall St.45d agobearish
Ford Reputation Deeply Damaged by 740,000 Recall

Ford (NYSE: F) ranked No. 1 among “Mainstream Brands” in the new J.D. Power Initial Quality Study. It was the first time it had occupied that spot since 2010. Much of that positive news was wiped out by a recall of more than 740,000 vehicles, according to the National Highway Traffic Safety Administration. The notice ... Ford Reputation Deeply Damaged by 740,000 Recall

Klarna (KLAR) Wins Nearly $2 Billion As Google Loses Swedish Antitrust Case
Simply Wall St.45d agobullish
Klarna (KLAR) Wins Nearly $2 Billion As Google Loses Swedish Antitrust Case

Sweden's market court has ordered Google to pay nearly $2 billion in damages to Klarna Group's PriceRunner subsidiary. The court found that Google unlawfully favored its own shopping comparison service over rivals for several years. This ruling is described as one of the largest antitrust damages awards in Sweden and strengthens Klarna's position in comparison shopping. Klarna Group (NYSE:KLAR), which acquired PriceRunner in 2022, now has a substantial court-awarded claim tied directly to...

Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case
The Wall Street Journal45d agoneutral
Google Must Pay Nearly $2 Billion to Klarna in Antitrust Case

A Swedish court ordered Alphabet’s Google to pay Klarna $1.97 billion in damages after the buy now, pay later company won an antitrust case alleging that the search giant engaged in anticompetitive practices. Klarna’s price-comparison unit, PriceRunner, sued Google in 2022 in Swedish court. PriceRunner alleged Google was giving preferential treatment to its own price-comparison service in its search results.

Investing.com45d agoneutral
Klarna pops 6% after crushing Google in $1.97B antitrust verdict

Investing.com -- Klarna Group (NYSE:KLAR) shares jumped 6% on Wednesday following a massive legal victory over Alphabet’s tech monopoly. A Swedish court ruled in favor of Klarna’s subsidiary, PriceRunner, awarding the company a staggering $1.97 billion in antitrust damages. The high-stakes judgment caps off a fierce battle over online shopping dominance, with the court finding that Google illegally choked out competition by manipulating search results to favor its own comparison-shopping service

Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages
Reuters45d agoneutral
Swedish court orders Google to pay $1.5 billion to Klarna in antitrust damages

A Swedish court on Wednesday ordered Alphabet's Google to pay about $1.5 billion in antitrust damages ‌to PriceRunner, the price comparison business owned by payments platform Klarna. The ‌award, equivalent to around 14.3 billion Swedish crowns, comes amid growing scrutiny of U.S. Big ​Tech companies in Europe. It is the largest award by a Swedish court in a competition case, though well below the 78 billion crowns PriceRunner had sought, including accrued interest.

Uber changes key rule for drivers amid rider safety lawsuits
TheStreet46d agobearish
Uber changes key rule for drivers amid rider safety lawsuits

Uber’s business depends on a simple but fragile exchange of trust. A customer opens an app, confirms a name and license plate, and gets into a stranger’s car. This routine has become normal for millions of riders heading to airports, restaurants, offices, hotels, concerts, and home after nights ...

Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires
Reuters46d agobearish
Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires

June 30 () - Airbnb must ‌face a ‌lawsuit by the ​city of Los Angeles, which accused ‌the ⁠home rental company of ⁠allowing price gouging ​affecting ​more ​than 2,600 ‌properties during the January 2025 wildfires in southern ‌California, ​City ​Attorney ​Hydee Feldstein ‌Soto said on ​Tuesday. (Reporting ​by Jonathan Stempel ​in ‌New York; Editing ​by Chris ​Reese).

US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit
Reuters46d agobearish
US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit

The U.S. Supreme Court agreed on Tuesday to hear Apple's bid to escape being found in contempt in its legal fight with "Fortnite" maker ‌Epic Games after the iPhone maker was deemed in violation of a judicial order mandating sweeping ‌changes to its lucrative App Store in the antitrust litigation. The justices took up Apple's appeal of a lower court's ruling upholding ​a decision by Oakland, California-based U.S. District Judge Yvonne Gonzalez Rogers finding Apple in contempt in Epic's 2020 lawsuit contesting App Store fees. The Supreme Court is expected to hear the case in its next term, which begins in October.

Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?
24/7 Wall St.46d agobearish
Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?

Artificial intelligence has created shortages across nearly every part of the semiconductor supply chain. GPUs have received most of the attention, but memory chips have quietly become just as critical. Every advanced AI accelerator depends on high-bandwidth memory (HBM), and manufacturers are struggling to keep pace. Even after investing billions of dollars to expand production, ... Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?