Judge Dismisses Crypto Payment Antitrust Case Against $AAPL, Company Refutes DOJ Claims

A federal judge in San Francisco dismissed a consumer lawsuit against Apple, which accused the company of monopolistic practices by allegedly driving up fees on platforms like Venmo and Cash App. The lawsuit claimed Apple prohibited these payment apps from implementing cryptocurrency transactions, which stifled innovation and competition. The New Jersey Attorney General commented on the broader implications of such monopolistic claims, suggesting that without competition, significant technological advancements like the iPod might never have occurred. Apple has refuted all claims made in the Department of Justice's antitrust lawsuit, emphasizing its stance against the allegations. This legal victory for Apple, identified by its stock symbol $AAPL, comes amidst ongoing scrutiny over its market practices.