Tag Archives: antitrust

When Google parent Alphabet Inc. reports first-quarter earnings on Tuesday, the bottom-line should be stout with advertising sales. The same can’t be said for its prospects on the regulatory front. Alphabet GOOGL, +2.10% GOOG, +2.09% is expected to show revenue growth of roughly 25% from last year, when the COVID-19 pandemic caused some companies to immediately cut off their advertising budgets to preserve cash. The company’s sales… Source link

Spotify, Tile, and Match Group aren’t exactly startups anymore. Neither is Epic Games, the maker of Fortnite, which last summer was valued at $17.3 billion. But these companies, which all rely on Apple and Google to host their apps, are locked in a battle with the tech giants that could trickle down to smaller companies and independent app developers. Several of these companies testified before a subpanel of the Senate Judiciary Committee on Wednesday, chaired by Senator Amy Klobuchar (D-MN),… Source link

WASHINGTON—Lawmakers and mobile app companies took aim at Apple Inc. and Alphabet Inc.’s Google in a hearing Wednesday focused on competition concerns about the companies’ power over their smartphone ecosystems. The hearing marked an escalation of lawmakers’ antitrust scrutiny on smartphone makers, and particularly Apple. Google already has been sued by federal and state authorities… Source link

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Apple Inc. and Alphabet Inc.’s Google will come under close antitrust scrutiny Wednesday from lawmakers concerned about the way both companies run the marketplaces that give consumers around the world access to millions of apps on handheld devices. Senators Amy Klobuchar of Minnesota and Mike Lee of Utah, the chair and ranking Republican on the Judiciary Committee’s antitrust subcommittee, are leading the panel’s inquiry into potential anticompetitive practices in Apple’s App Store… Source link

The owner of the Daily Mail website, Associated Newspapers, is suing Google, saying the tech company’s dominance in online advertising has harmed its business. The suit, filed Monday in federal court in New York, says Google punishes publishers’ search results if they don’t sell enough ad space through Google and that its control over the ad market depresses prices for publishers. “Google wields its monopoly search engine to entrench its ad-tech dominance,” the suit alleges, citing… Source link

A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration The owner of the online newspaper MailOnline, which is known in the United States as the “Daily Mail,” filed a lawsuit against Google (GOOGL.O) on Tuesday, alleging that the search and advertising giant’s power over selling online ad space means that newspapers see little of the revenue that their content produces. The lawsuit alleges that Google controls the tools used to sell ad… Source link

The Daily Mail’s owner filed an antitrust suit against Alphabet Inc.’s GOOG 0.09% Google on Tuesday, alleging the tech giant manipulates search results and advertising auctions in ways that harm online publishers. The suit, filed in Manhattan federal court, alleges that Google punishes publishers in search rankings if they don’t sell enough advertising space through Google’s marketplace. The Daily Mail’s concerns stem in part from… Source link

(Bloomberg) — Google will send a top policy executive to testify at Wednesday’s Senate app store antitrust hearing, while legal executives from Spotify Technology SA, Tile and Match Group Inc. will serve as witnesses, according to people with knowledge of the matter. Google Senior Director of Government Affairs and Public Policy Wilson White will be the search giant’s representative, joining Apple Chief Compliance Officer Kyle Andeer in the spotlight. The Senate Judiciary Committee’s… Source link