I'm sure most of us knew apple

I'm sure most of us knew apple uses dirty tactics since day one but big financial institutions would choose to ignore and just take reference from the impressive sales they make annually. One huge mistake these institutions did was to put apple stock in a heavy weightage in their indices and ETFs. So it will be ridiculous for anyone to short apple because that would cost a bear run in all markets. It'll cause a domino effect. If this was some other stock, investors would have shorted the living hell out this stock. $Apple(AAPL)$

Consumers Sue Apple, Taking Page From US Justice Department Lawsuit

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One huge mistake these institutions did was to put apple stock in a heavy weightage in their&nbsp;indices and ETFs. So it will be ridiculous for anyone to short apple because that would cost a bear run in all markets. It'll cause a domino effect. If this was some other stock, investors would have shorted the living hell out this stock.&nbsp;<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>I'm sure most of us knew apple uses dirty tactics since day one but big financial institutions would choose to ignore and just take reference from the impressive sales they make annually. One huge mistake these institutions did was to put apple stock in a heavy weightage in their&nbsp;indices and ETFs. So it will be ridiculous for anyone to short apple because that would cost a bear run in all markets. It'll cause a domino effect. If this was some other stock, investors would have shorted the living hell out this stock.&nbsp;<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;</p></body></html>","text":"I'm sure most of us knew apple uses dirty tactics since day one but big financial institutions would choose to ignore and just take reference from the impressive sales they make annually. One huge mistake these institutions did was to put apple stock in a heavy weightage in their indices and ETFs. So it will be ridiculous for anyone to short apple because that would cost a bear run in all markets. It'll cause a domino effect. If this was some other stock, investors would have shorted the living hell out this stock. $Apple(AAPL)$","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/288339587162112","repostId":2422541210,"repostType":2,"repost":{"id":"2422541210","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1711415217,"share":"https://www.laohu8.com/m/news/2422541210?lang=&edition=full","pubTime":"2024-03-26 09:06","market":"us","language":"en","title":"Consumers Sue Apple, Taking Page From US Justice Department Lawsuit","url":"https://stock-news.laohu8.com/highlight/detail?id=2422541210","media":"Reuters","summary":"By Mike Scarcella      March 25 (Reuters) - Apple    has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping ant","content":"<html><head></head><body><p>(Reuters) - Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the U.S. Justice Department and 15 states last week.</p><p>At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct.</p><p>The lawsuits, seeking to represent millions of consumers, mirror the Justice Department&#39;s claims that Apple violated U.S. antitrust law by suppressing technology for messaging apps, digital wallets and other items that would have increased competition in the market for smartphones.</p><p>Apple has denied the government&#39;s allegations. The Cupertino, California-based company did not immediately respond to a request for comment on the consumer lawsuits.</p><p>Attorney Steve Berman, whose law firm Hagens Berman Sobol Shapiro filed one of the new cases, noted that his firm had earlier sued Apple for allegedly thwarting competition for its Apple Pay mobile wallet.</p><p>&#34;We are pleased that the DOJ (Department of Justice) agrees with our approach,&#34; Berman said.</p><p>Attorneys behind the other new cases did not immediately respond to requests for comment.</p><p>Apple is already fighting private lawsuits challenging its business practices as anticompetitive. A judge in February ruled that Apple must face a class action on behalf of millions of consumers claiming it monopolized the market for iPhone apps. 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The Cupertino, California-based company did not immediately respond to a request for comment on the consumer lawsuits.</p><p>Attorney Steve Berman, whose law firm Hagens Berman Sobol Shapiro filed one of the new cases, noted that his firm had earlier sued Apple for allegedly thwarting competition for its Apple Pay mobile wallet.</p><p>&#34;We are pleased that the DOJ (Department of Justice) agrees with our approach,&#34; Berman said.</p><p>Attorneys behind the other new cases did not immediately respond to requests for comment.</p><p>Apple is already fighting private lawsuits challenging its business practices as anticompetitive. A judge in February ruled that Apple must face a class action on behalf of millions of consumers claiming it monopolized the market for iPhone apps. Apple denies the claims.</p><p>Hagens Berman previously secured a combined $550 million in settlements from Apple in separate cases related to its ebook pricing and app store policies.</p><p>A 2022 study by a University of Buffalo law school professor found that private antitrust class actions can sometimes go farther than government cases, expanding &#34;the scope of wrongdoing, the amount of recovery, or the number of defendants involved.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4512":"苹果概念","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4554":"元宇宙及AR概念","LU0080751232.USD":"富达环球多元动力基金A","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","BK4553":"喜马拉雅资本持仓","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4585":"ETF&股票定投概念","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4576":"AR","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4575":"芯片概念","BK4566":"资本集团","AAPL":"苹果","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4579":"人工智能","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4550":"红杉资本持仓","LU0444971666.USD":"天利全球科技基金","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2422541210","content_text":"(Reuters) - Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the U.S. Justice Department and 15 states last week.At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of its products through anticompetitive conduct.The lawsuits, seeking to represent millions of consumers, mirror the Justice Department's claims that Apple violated U.S. antitrust law by suppressing technology for messaging apps, digital wallets and other items that would have increased competition in the market for smartphones.Apple has denied the government's allegations. The Cupertino, California-based company did not immediately respond to a request for comment on the consumer lawsuits.Attorney Steve Berman, whose law firm Hagens Berman Sobol Shapiro filed one of the new cases, noted that his firm had earlier sued Apple for allegedly thwarting competition for its Apple Pay mobile wallet.\"We are pleased that the DOJ (Department of Justice) agrees with our approach,\" Berman said.Attorneys behind the other new cases did not immediately respond to requests for comment.Apple is already fighting private lawsuits challenging its business practices as anticompetitive. A judge in February ruled that Apple must face a class action on behalf of millions of consumers claiming it monopolized the market for iPhone apps. 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