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Stock impact report

Apple Faces Antitrust Investigation From Brazil Watchdog [BNN Bloomberg (Canada)]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Cade opened the probe on Jan. 12 following a complaint filed by Latin America's e-commerce and fintech giant MercadoLibre Inc, the agency said in a statement. The complaint adds to a series of antitrust cases around the world, including in the US, EU, UK, South Korea, Japan, India and Indonesia, Cade added. The Apple press office did not immediately reply to an emailed request for comment. The Cupertino, California-based company usually requires developers to use its own payment system, which helps ensure it receives a commission for apps downloaded on its platform. That tight control has attracted lawsuits and antitrust scrutiny, often focusing on Apple's refusal to allow developers to steer users to other payment methods. Read More: Why App Store Fees Are Drawing Fire Worldwide MercadoLibre in December filed complaints in Brazil and Mexico — its two largest markets — alleging that Apple is violating anti-competitive practices by prohibiting third-parties from distributing d Show less Read more
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