Apple: Apple asks judge to dismiss antitrust lawsuit

Apple has asked a US judge to dismiss a lawsuit by federal and state antitrust regulators accusing the company of illegally holding a smartphone monopoly, adding that the judge would change the design of its popular iPhone in the case.

Apple has been accused of having an illegal monopoly on the smartphone market, which it allegedly maintains by imposing contractual restrictions on developers and denying them access to key features.

Apple, however, argued that imposing reasonable restrictions on third-party developers’ access to its technology did not constitute anticompetitive conduct, and that forcing it to share technology with competitors would stifle innovation. Apple also argued that the lawsuit does not present any evidence that its practices harm competition or consumers, who it says are likely to switch to competitors if they do not like what the iPhone offers.

CrowdStrike sued by shareholders over software failure

Shareholders are suing CrowdStrike, alleging it defrauded them by hiding details about how inadequate software testing could cause global service outages similar to the one that brought down more than eight million computers on July 19.

In the proposed class action lawsuit, shareholders said they learned that CrowdStrike’s claims about its technology were materially false and misleading when a faulty software update disrupted airlines, banks, hospitals and emergency services worldwide. They said CrowdStrike’s stock price fell 32% over the next 12 days, causing it to lose $25 billion in market value.

The complaint also cited statements, including one from a March conference call in which CEO George Kurtz described CrowdStrike’s software as “proven, tested and certified.”Snapchat Gains Users, But Still Loses Money

Snap shares fell more than 16% after disappointing financial guidance overshadowed user growth in the recently ended quarter.

The California-based company said its loss narrowed to $249 million from $377 million in the same period a year earlier, while revenue rose to $1.2 billion from $1 billion. Snap also announced reaching a milestone of more than 850 million monthly users during the quarter.

The AI-powered Snapchat+ service now has 11 million subscribers, up from seven million at the end of 2023, according to company data.

Earlier this year, Snap laid off 10% of its employees, citing a “team reorganization to reduce hierarchy and promote in-person collaboration.”