Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Apple sued by Venmo and Cash App customers over alleged antitrust violations

Apple sued by Venmo and Cash App customers over alleged antitrust violations

CointimeCointime2023/11/20 17:33
By:Cointime

Apple is facing a proposed class action lawsuit filed by Venmo and Cash App customers who claim that the company abused its market power to limit competition for mobile peer-to-peer payments, resulting in consumers paying higher prices. The lawsuit alleges that Apple violated US antitrust law through its agreements with Venmo and Cash App, which limit feature competition and prohibit the use of decentralized cryptocurrency technology. The plaintiffs are seeking an injunction that could force Apple to divest or segregate its Apple Cash business. This lawsuit adds to Apple's recent antitrust troubles, including a ruling in September that payment card issuers can sue Apple over alleged anticompetitive practices involving its Apple Pay mobile wallet.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Major Events in the Altcoin Market Prompt Caution Among Traders

In Brief This week, about 328 million dollars' worth of tokens are set for release. Both collective and gradual methods will cause short-term market fluctuations. Experts advise traders to consider technical analyses for cautious decision-making.

Cointurk2025/04/10 06:12
Major Events in the Altcoin Market Prompt Caution Among Traders