[ad_1]
Intuit sues H&R Block: In a lawsuit filed Monday, Intuit alleges that competitor H&R Block uses “false and misleading marketing” to gain a competitive edge on Intuit’s TurboTax. The lawsuit points to inaccurate price and product differences displayed on H&R Block’s website that suggest its services are similar to but cheaper than those of TurboTax. The case comes as both companies are investing in AI offerings, while the IRS’s new Direct File program, if proven successful during its pilot this year, may pose huge competition for both companies. Full story.
Apple may soon lose out on App Store revenue: Justices rejected Apple’s Supreme Court appeal after lower courts ruled that the tech giant’s App Store violates unfair competition laws in California. Rejecting the plea lifted a hold on a court order that will let app developers insert links to other payment options within iPhone apps—making it easier for developers to circumvent Apple’s 15% to 30% commissions. The order could cost Apple billions in revenue. Full story.
Drizly to shut down: Three years after acquiring Drizly for $1.1 billion, Uber is shutting down the alcohol delivery service. Uber representatives say the shutdown, which will happen by the end of March, will allow the company to focus more closely on Uber Eats and make its app a one-stop-shop for food, groceries, and alcohol. Full story.
JetBlue-Spirit acquisition blocked: In a decision announced Tuesday, a federal judge blocked a $3.8 billion merger of JetBlue Airways and budget airline Spirit Airlines, which would have created the fifth-largest U.S. airline. The judge said the acquisition would hike costs for customers reliant on Spirit’s low fares. Full story.
Dangerously cold weather: Winter storms and low temperatures led to canceled classes, closed federal offices, disrupted air travel, and postponed NFL playoff games in some cities in the Rockies, Great Plains, and Midwest regions on Tuesday. The extreme weather set a record for the coldest Iowa caucus, held Monday night. Full story.
[ad_2]
Source link