Stock Market News

Microsoft faces wide-ranging US antitrust probe

2024.11.27 16:45

(Reuters) – The U.S. Federal Trade Commission has opened a broad antitrust investigation into Microsoft (NASDAQ:), including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.

The probe was approved by FTC chair Lina Khan before her likely departure in January, following the presidential election victory of Donald Trump and the expectation he will appoint a fellow Republican with a softer approach towards business.

© Reuters. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo

The agency is examining allegations that the software giant is potentially abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to other competitive platforms.

Microsoft declined to comment. The FTC did not immediately respond to a Reuters’ request for comment. FTC antitrust lawyers are set to meet with Microsoft competitors next week to gather more information about the technology company’s business practices, Bloomberg reported earlier on Wednesday.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,841.73 5.31%
ethereum
Ethereum (ETH) $ 2,183.57 3.15%
tether
Tether (USDT) $ 0.999817 0.04%
xrp
XRP (XRP) $ 2.16 6.82%
bnb
BNB (BNB) $ 595.20 4.14%
solana
Solana (SOL) $ 141.12 4.53%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.203027 9.19%
cardano
Cardano (ADA) $ 0.636078 5.98%
staked-ether
Lido Staked Ether (STETH) $ 2,183.22 3.32%
tron
TRON (TRX) $ 0.232739 2.98%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,668.69 5.24%
hedera-hashgraph
Hedera (HBAR) $ 0.232187 23.44%
litecoin
Litecoin (LTC) $ 125.13 3.68%
stellar
Stellar (XLM) $ 0.303066 15.14%
chainlink
Chainlink (LINK) $ 14.52 5.21%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,603.91 2.78%
sui
Sui (SUI) $ 2.85 8.30%
avalanche-2
Avalanche (AVAX) $ 21.48 2.77%
leo-token
LEO Token (LEO) $ 9.28 2.06%
the-open-network
Toncoin (TON) $ 3.28 0.57%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.80%
usds
USDS (USDS) $ 0.999872 0.03%
mantra-dao
MANTRA (OM) $ 7.49 0.93%
polkadot
Polkadot (DOT) $ 4.59 0.77%
hyperliquid
Hyperliquid (HYPE) $ 19.42 0.09%
weth
WETH (WETH) $ 2,182.15 3.39%
bitcoin-cash
Bitcoin Cash (BCH) $ 311.63 10.41%
ethena-usde
Ethena USDe (USDE) $ 0.998924 0.01%
bitget-token
Bitget Token (BGB) $ 4.03 5.85%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,315.31 2.94%
uniswap
Uniswap (UNI) $ 7.34 2.67%
monero
Monero (XMR) $ 221.64 5.79%
aptos
Aptos (APT) $ 6.49 10.02%
whitebit
WhiteBIT Coin (WBT) $ 26.48 3.10%
near
NEAR Protocol (NEAR) $ 3.13 10.00%
dai
Dai (DAI) $ 1.00 0.01%
ondo-finance
Ondo (ONDO) $ 1.01 9.57%
pepe
Pepe (PEPE) $ 0.000008 0.56%
internet-computer
Internet Computer (ICP) $ 6.37 2.91%
susds
sUSDS (SUSDS) $ 1.04 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 19.12 4.64%
aave
Aave (AAVE) $ 187.10 2.82%
bittensor
Bittensor (TAO) $ 321.87 4.53%
okb
OKB (OKB) $ 45.02 5.37%
official-trump
Official Trump (TRUMP) $ 13.36 17.55%
gatechain-token
Gate (GT) $ 20.61 2.18%
mantle
Mantle (MNT) $ 0.744456 5.35%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,797.72 5.56%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.268991 3.73%