🍎Apple faces a $2 billion EU antitrust fine for deceptive practices around their music and software platform.
🌐The EU lawsuit against Apple could lead other countries to pile on with similar charges.
💰Apple's monopoly status and control over the App Store could be at risk.
🌐The US Department of Justice also files a monopoly lawsuit against Apple, putting further pressure on the tech giant.
💼Reddit goes public, marking a revival of the IPO market.
What is the EU antitrust lawsuit against Apple about?
—The EU lawsuit accuses Apple of deceptive practices in relation to their music and software platform, resulting in a $2 billion fine.
Could the EU lawsuit set a precedent for other countries?
—Yes, if the EU charges Apple and wins the lawsuit, it may encourage other countries to pursue similar charges against the tech giant.
What is the US Department of Justice's lawsuit against Apple?
—The US Department of Justice has filed a monopoly lawsuit against Apple, focusing on their App Store practices.
What are the potential consequences for Apple's monopoly status?
—Apple's control over the App Store and their monopoly status could be at risk if the lawsuits are successful.
What is the significance of Reddit going public?
—Reddit's IPO marks a revival of the IPO market, bringing attention back to companies going public.
00:00This week in the stock market, Apple faced an EU antitrust lawsuit with a $2 billion fine for deceptive practices around their music and software platform.
04:20The EU lawsuit against Apple could encourage other countries to pile on with similar charges, putting Apple's monopoly at risk.
09:27The US Department of Justice also filed a monopoly lawsuit against Apple, further pressuring the tech giant.
09:53In other news, Reddit went public, reviving the IPO market and bringing attention back to companies going public.
