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Monopoly
Arlington, VA
On Your Side
Ticketmaster Avoids Breakup With Major DOJ Settlement: What To Know
Ticketmaster's parent company has avoided a potential breakup after reaching a settlement with the Justice Department in one of the most closely watched antitrust cases in decades. Live Nation and federal regulators reached the agreement on Monday, March 9. The entertainment giant settled after a week of testimony in a trial that threatened to force Live Nation to sell off Ticketmaster, NBC News reported. The DOJ and 40 states accused Live Nation of maintaining monopoly power by using its control over concert venues and ticketing services to block competition. …
Towson, MD
On Your Side
Trump Orders DOJ Probe Into Meat Packers Over Price Fixing Allegations
President Donald Trump has directed the Justice Department to open an investigation into the nation’s largest meatpacking companies, accusing them of driving up beef prices through illegal collusion and price manipulation. In a post shared on social media, Trump wrote: "I have asked the DOJ to immediately begin an investigation into the Meat Packing Companies who are driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation. "We will always protect our American Ranchers, and they are being blamed for what is being done by Majority Foreign Owned Meat …
Hartford, CT
On Your Side
$85B Railroad Merger Would Reshape US Freight, Union Warns Of 'Monopoly In Disguise'
Two major rail companies are planning to merge, potentially creating the first transcontinental freight railroad in the country's history. Union Pacific and Norfolk Southern announced the landmark $85 billion deal on Tuesday, July 29. The combined company would stretch over 50,000 route miles across 43 states, connecting nearly 100 ports and unifying two of the largest freight carriers into a $250 billion business. The nation's coasts were linked by rail in 1869, when a golden spike was driven in Utah, connecting Union Pacific and Central Pacific's lines. Despite the con…
Alexandria, VA
On Your Side
Google Gained 'Monopoly Power' With Online Ad Technology, Virginia Judge Rules
A federal judge ruled that Google illegally cornered the online advertising market by linking its tools together to block out competition, a major win in a broader antitrust crackdown on Big Tech. The ruling found Google liable for willfully using a series of "anticompetitive acts" to dominate how digital ads are placed across the internet. The decision was handed down in federal court in the Eastern District of Virginia on Thursday, April 17. In her decision, US District Judge Leonie Brinkema said Google's ad technology blocked out competitors and hurt consumers. "For over …
National Interest
Monopoly Ditches Cash With New App-Based Board Game: See The Huge Changes
Forget about picking a banker or flipping deeds to mortgage properties, Monopoly is going digital. Hasbro unveiled Monopoly App Banking at the North American International Toy Fair in New York City. The newest version is a major change as the classic board game celebrates its 90th anniversary. The digital-based game replaces paper money and the banker role with a mobile app handling all transactions, The Verge reported. Players will scan their bank and property cards into a smartphone or tablet, which will track money and automate transactions. The update…
