Apple Under DOJ's Antitrust Scanner For Blocking Beeper 'iMessage For Android' App: Report
Portfolio Pulse from Rounak Jain
The DOJ is reportedly investigating Apple Inc. (NASDAQ:AAPL) for antitrust concerns related to blocking the Beeper app, which provided Android users access to iMessage. The FTC is also examining Apple's actions. Beeper has discontinued its original app and launched Beeper Mini, but Apple closed the exploited loophole and obstructed over 60% of Beeper Mini users. Lawmakers have called for a DOJ probe, and Beeper's co-founder met with DOJ lawyers. The FTC is interested in companies that block interoperability under the guise of privacy and security.
December 22, 2023 | 8:20 pm
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Apple Inc. is under DOJ scrutiny for potential antitrust violations concerning the blocking of the Beeper app, which may lead to regulatory challenges and affect the company's public image.
The investigation by the DOJ into Apple's practices could lead to legal challenges and potential fines, which may negatively impact investor sentiment and Apple's stock price in the short term. The FTC's interest in the case adds to the seriousness of the situation. However, the outcome of the investigation is uncertain, and the long-term impact on Apple's market position and financials is yet to be determined.
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