Venmo and Cash App’s Antitrust Case Against Apple Falls Flat in Court

Venmo and Cash App’s Antitrust Case Against Apple Falls Flat in Court

In a court ruling, a United States District Judge, Vince Chhabria, threw out an antitrust lawsuit against Apple. The lawsuit brought by the customers of the Venno and Cash app argued that Apple Cash employed Anticompetitive practices. The lawsuit was filed on November 17, 2023, in San Jose, and it charged Apple with monopolistic practices through the iOS App Store. The plaintiffs claimed Apple prevented rivals from incorporating novel features such as decentralized cryptocurrency payments.
The complaint claimed that Apple’s App Store policies stop services like Venmo and Cash App from providing attractive pricing and improved functionalities. These restrictions deprived benefits of iOS end users, as alleged by plaintiffs. Yet the court held that the lawsuit did not have considerable evidence of violations of antitrust. Judge Chhabria emphasized several problems with the plaintiffs’ claims, such as their failure to identify Apple’s antitrust actions.
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