LinkedIn Settles U.S. Antitrust Lawsuit with Contracting Changes, No Payout
LinkedIn Settles U.S. Antitrust Lawsuit with Contracting Changes, No Payout

LinkedIn Settles U.S. Antitrust Lawsuit with Contracting Changes, No Payout

News summary

LinkedIn has reached a settlement to resolve a 2022 class action lawsuit alleging the company used restrictive contract clauses to block potential competitors and maintain dominance in the professional social networking market. The settlement requires LinkedIn to temporarily stop enforcing certain contract provisions, specifically those related to application programming interfaces (APIs), that limited third-party rivals from accessing user data and competing effectively. While the settlement does not include any monetary compensation to users, it aims to foster increased competition, potentially leading to lower prices and more choices for consumers. Microsoft, LinkedIn's parent company, is not a defendant in the case, and LinkedIn has denied any wrongdoing. The settlement affects about 9 million LinkedIn Premium users and awaits judicial approval. Plaintiffs plan to present expert testimony to demonstrate the settlement's value despite the absence of direct payments to users.

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