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

Hedge fund Bill Ackman: I appreciate Trump's decision, it's not "fawning on the president"
Congress keeps talking crypto amid trade war shifts

Trending news
MoreCrypto prices
More








