SQ - Apple Taking Wrongful Advantage Sued By Venmo Cash App Users For Peer-To-Peer Payment Fees | Benzinga
Apple has added one more antitrust issue to its list as four consumers of Venmo and Cash App announced a proposed class action suing the company.
What Happened The suit claims that Apple (NASDAQ: APPL) is misusing its market power to stop competition for mobile peer-to-peer payments thereby causing consumers to pay "rapidly inflating prices." It adds that the consumer technology giant violated U.S. antitrust law through its agreements with PayPal's (NASDAQ: PYPL) Venmo and Block's (NYSE: ...