Zuckerberg considered spinning off Instagram over antitrust concerns in 2018
He also warned that regulatory challenges might force Meta to separate Instagram and WhatsApp in the next 5 to 10 years
Trump administration seeks to undo Biden’s fee rule for credit cards
The Trump administration argues that the $8 credit card late fee cap is illegal, backing claims from business and banking groups
Bank of America penalized $540 million after FDIC lawsuit ruling
The FDIC claims Bank of America underreported its risk to counterparties, leading to lower deposit insurance assessments
SC dismisses Payoneer’s appeal against FBR tax notices
CJ emphasizes that Payoneer has the opportunity to defend itself and can challenge any final order through the appropriate forums
Trump’s tariff authority challenged in court by conservative legal group
The lawsuit argues that Trump lacked the legal basis to impose the tariffs under the International Emergency Economic Powers Act
Legal challenges mount against Musk’s $44 billion Twitter deal
A U.S. District Judge rules that Musk allegedly committed fraud via improper filings, misleading statements, and a secret Twitter stake buildup
Nvidia sues EU regulators over merger review of Run:ai acquisition
The dispute centers on the EU’s policy allowing regulators to review acquisitions that fall below the merger revenue threshold
Google faces lawsuit as AI overviews reduce demand for original content
U.S. edtech company Chegg argues that Google’s AI overviews have caused a decline in its website traffic and subscribers
Musk’s X wins court motion to remove judge in German election data lawsuit
The activist groups argue that X must provide accessible election data, including post reach, shares, and likes, which are technically viewable but hard to collect
Google agrees to pay $340 million to settle Italy tax dispute
Prosecutors alleges that Google did not file and pay taxes on revenue generated in Italy
LHC rules registrar cannot refer cooperative society cases to ACE
The registrar or an authorized officer has the power to impose penalties, while only a court can issue punishments, the court rules
Apple’s App Tracking Transparency tool under scrutiny in Germany
The charges follow a three-year Federal Cartel Office probe into Apple's tool, which blocks advertisers from tracking users across apps
Musk’s group to withdraw $97.4 billion OpenAI bid if non-profit status stays
If the OpenAI board preserves the charity's mission and halts its conversion, Musk withdraws the bid
LHC rules SBP circular No. 2 of 2003 as beyond legal authority
The ruling strikes down restrictions in paragraph 33A of the FE Manual, affecting foreign exchange adjudication
Consumers sue Amazon for tracking movements without consent
The complaint alleges Amazon violated California laws on unauthorized access, seeking damages for millions of Californians