Research - Fideres

Banks Push Risky TARF Products Despite History of Billion-Dollar Fines and Settlements

Target redemption forwards (“TARFs”) are complex foreign exchange products. TARFs attract investors with promises of “enhanced” exchange rates and fixed-income-like

Behind the Screen: The Hidden Cost of Corning’s Smartphone Glass Monopoly

Corning has established a monopoly in the global market for aluminosilicate glass screens used in consumer electronics, supplying major smartphone

Shimano Defends Market Share, Blocks SRAM’s Expansion

Shimano, a manufacturer of bicycle components, controls around 70% of the market for mid-to-high end gearsets – bike components including

Is DoorDash’s Algorithm Inflating Your Dinner Bill?

In this Research Alert, Fideres examines the anti-competitive effects of DoorDash's de facto Most Favored Nation (MFN) clauses. DoorDash has

November 14, 2024

Crypto ETFs: Simple Products, Big Market Risks

In January 2024, the SEC approved Bitcoin and Ethereum ETFs, opening the door to broader crypto investing with a combined

October 17, 2024

Airlines’ Crackdown on Skiplagging Raises Antitrust Questions Over Fare Practices

In this note we consider the anti-competitive effects of restrictions by US airlines on 'skiplagging’ and the potential for them

October 4, 2024

Grand Piano or Grand Scam: Are Piano Buyers Overpaying for Prestige?

Fideres's investigation finds that Steinway’s dominance in the market for professional grand pianos might be attributable to anticompetitive deals with

Goldman Sachs, Three Years Later: What Changed—and What Didn’t

In an earlier publication, Fideres analyzed how defendants’ strategies at the 10b5 class certification stage developed following the 2021 and

Coinbase’s Castle: Anticompetitive Tactics or Clever Business?

In June 2023, the SEC published a complaint against Coinbase, a centralized cryptocurrency exchange that controls 76% of the market,