EU Charges Microsoft with Anti-Competitive Practices Over Teams Bundling [Yahoo! Finance]
Atlassian Corporation - Class A (TEAM)
Last atlassian corporation - class a earnings: 4/30 04:03 pm
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Source: Yahoo! Finance
The EU's charge sheet alleges that this bundling gives Teams an undue advantage, harming competitors such as Atlassian Corp's (NASDAQ: TEAM ) Slack and Zoom (NASDAQ: ZM , Reuters reports. On Tuesday, the European Union issued a formal charge sheet to Microsoft, outlining concerns that integrating Teams with Office unfairly disadvantages other video conferencing apps. Also Read: Nvidia CEO Predicts $1 Trillion Overhaul for AI Data Centers Margrethe Vestager, the EU's executive vice president for competition policy, stated that if Microsoft's conduct is confirmed, it would be illegal under EU competition rules. In April, Microsoft attempted to address regulatory concerns by proposing to unbundle Teams from Office products beyond Europe. Microsoft aims to settle the case to avoid formal charges and a potential fine of up to 10% of its annual global revenues. Meanwhile, the company is also facing heightened scrutiny over its $13 billion partnership with OpenAI, with Brussels
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TEAM
News
- An Intrinsic Calculation For Atlassian Corporation (NASDAQ:TEAM) Suggests It's 29% Undervalued [Yahoo! Finance]Yahoo! Finance
- Atlassian (TEAM) Surges 3.1%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at Wells Fargo & Company from $285.00 to $250.00. They now have an "overweight" rating on the stock.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
TEAM
Earnings
- 4/25/24 - Beat
TEAM
Sec Filings
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- 6/28/24 - Form 4
- TEAM's page on the SEC website