A fine of less than $1 million is absolutely not what anyone except Google is asking for.
The DOJ can really only ask for treble damages. If Google paid ~$3 million, that's realistically as good as the DOJ was going to get. It sounds like the initial estimates were just way off. Nobody should be shocked that the inept antitrust division screwed up again. They're going after big, buzz-worthy names without the facts or law to actually back it up.
“The industry is at a pivotal point - new technologies like Gen AI are rapidly shifting how we shop and manage our finances,” said Jack Forestell, Chief Product and Strategy Officer, Visa.
This is so cringey. I get that investors are randomly throwing cash at companies that talk up "generative AI," but it has nothing to do with anything they announced. Is it impossible to just be content with ridiculously sophisticated algorithms? Did someone hold a gun up to these people and demand they spit out some drivel that uses the buzzwords du jour?
Also, the headline feature was solved a decade ago when Apple Pay was released (and no, not by the janky predecessors of Apple Pay but specifically with the launch of Apple Pay, which everything was then changed to replicate). One device that can hold an entire wallet of cards and I can choose what to use right when I pay? Wow! So new.
You're leaving out the most import part. Class members are:
Individual persons who are United States residents and who own or owned an Apple iPhone 7 or 7 Plus between September 16, 2016 and January 3, 2023, and reported to Apple in the United States issues reflected in Apple’s records as Sound-Speaker, Sound-Microphone, Sound – Receiver, Unexpected Restart / Shutdown, or Power On – Device Unresponsive