Tag Archives: action

Democratic Sen. Richard Blumenthal said Congress needs to bolster the FTC, which “needs to be given adequate resources to go toe-to-toe with such a deep-pocketed industry.” “Enforcers need both the will and the tools to take on Big Tech,” the Connecticut lawmaker, who sits on the Senate Judiciary antitrust subcommittee, said in a statement. “If the FTC isn’t willing to bring cases against Big Tech, we need reforms that make sure that consumers, workers, and small businesses… Source link

By David Randall NEW YORK (Reuters) – The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen’s enthusiasm for the cryptocurrency. Yet Paulsen, chief investment officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to regulatory constraints. This has left him on the sidelines watching the world’s most popular cyrptocurrency surge more than 900% since its March lows in volatile trading that also saw… Source link

Google has 12 new types of manual action penalties which involve violations of Google News and Google Discover policies. This marks the first time a website could potentially receive a manual penalty for violations of News and Discover policies. Previously, manual actions were limited to violations of Google Search. That’s not to say Google hasn’t been enforcing its policies around News and Discover. It has – but up to this point enforcement has been automated. A manual penalty, unlike an… Source link

Google will soon start to take action against sites that show a different price at checkout than the one provided through Google Merchant Center. It’s Google Merchant Center policy for retailers to maintain consistency between prices provided to Google and prices offered to customers. Google’s price enforcement efforts previously involved reviewing the accuracy between a retailer’s Merchant Center product data and their landing pages. Until now Google has not checked whether the pricing… Source link

SAN JOSE, Calif., Dec. 24, 2020 /PRNewswire/ — Berger Montague PC filed an antitrust class action lawsuit Wednesday on behalf of a proposed class of “Publishers”—ad-supported online content companies. The lawsuit, Sterling International Consulting Group v. Google, LLC, was filed in the U.S. District Court for the Northern District of California, San Jose Division, where Defendant Google LLC is located. Sterling International Consulting Group (“SICG”) alleges that Google engaged in a… Source link

Applico CEO Alex Moazed on the DOJ’s lawsuit against Google as the company calls it ‘deeply flawed.’ WASHINGTON— Facebook Inc. and Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week. Ticker Security Last Change Change % FB FACEBOOK INC. 268.96 -3.83 -1.40% GOOGL ALPHABET INC. 1,719.41

Facebook Chief Operating Officer Sheryl Sandberg speaks on stage during Facebook session at the Cannes Lions 2019 : Day Three on June 19, 2019 in Cannes, France. Richard Bord | Getty Images Google and Facebook pledged to help one another if they ever faced an investigation into their pact to work together in online advertising, according to a report from The Wall Street Journal on Tuesday. The story is based on an unredacted version of a lawsuit filed by 10 U.S. states against Google last week… Source link

(Reuters) – Facebook Inc and Alphabet Inc’s Google agreed to “cooperate and assist one another” in case of an investigation into their pact to work together in online advertising, the Wall Street Journal reported late on Monday. The Journal report cited an unredacted version of a lawsuit filed by 10 states against Google last week. The states had accused Google of working with Facebook in an unlawful manner that violated antitrust law to boost its already-dominant online advertising… Source link

The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents. Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used… Source link

InvestorPlace Learn a Lesson From Luckin Coffee — and Avoid It in the Process You may remember Luckin Coffee (OTCMKTS:LKNCY) as the ticker symbol LK. That’s no longer the case. After revelations this past year, Luckin Coffee stock was relegated to the over-the-counter market.  Source: NewsToday / Shutterstock.com This was once a promising growth stock, but it led investors astray when top management was dishonest about sales, among other things. While the company looked like it was… Source link