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The plaintiffs in the new lawsuit alleged Apple, Venmo and Cash App “have repeatedly raised prices for transactions and services with no competitive check.” They argued。

Technology giant Apple Inc. faces a class action lawsuit filed by Venmo and Cash App users for allegedly abusing its market power to curb competition for mobile peer-to-peer (P2P) payments, leading to inflated fees.

Apple is being sued by Venmo and Cash App customers in a class action lawsuit, accusing the company of using its market power to limit competition in the mobile peer-to-peer payments sector.

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