Tag Archives: antitrust

Google’s plan to end support for third-party cookies in the Chrome browser and its Chromium engine is under investigation by the U.K.’s Competition and Markets Authority (CMA). The antitrust regulator said today that it’s launched a probe under Chapter II of the U.K.’s Competition Act 1998 into “suspected breaches of competition law by Google”. The move follows a complaint lodged in November by a coalition of digital marketing companies which urged the CMA to block… Source link

(Bloomberg) — Alibaba Group Holding Ltd. led a selloff in Chinese tech giants triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire and ensnare more of the country’s most powerful corporations. China’s e-commerce leader on Monday raised a proposed stock repurchase program by $4 billion to $10 billion, effective for two years through the end of 2022. The buyback program, which began this quarter, failed to stem a slump in the shares, which slid more than 5%… 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

The legal team at Google steadfastly swatted away two antitrust lawsuits like pesky flies, mere distractions as the search-engine giant chugs along and accrues record market value despite a pandemic. Then came suit No. 3. A bipartisan coalition of 38 attorneys general, spearheaded by Colorado and Nebraska, announced the lawsuit last week, and it goes much farther than its predecessors from the Department of Justice and Texas and nine other states. The most recent suit is broader and… Source link

The states have asked the court to force the company to sell off pieces of its business to take away its power to control such auctions. But there are other allegations that could cut Google even more deeply. Texas also alleges that Google violated state laws that forbid unfair or deceptive business practices — laws that mandate steep fines for each violation. The attorneys general plan to argue that every online bid allegedly manipulated by Google violates state laws, which would lead to… Source link

For Google, the Techlash arrived with a vengeance last week. After years of mounting angst about the power of Big Tech, two state-level antitrust suits against the search giant in the US landed on consecutive days, adding to a Federal case launched in October. The European Commission, which has fought a running battle with Google over a series of competition complaints for the past decade, also upped the ante by proposing sweeping new laws aimed at curbing the power of a handful of… Source link

Enlarge / Signage in front of a building on the Google campus in Mountain View, California, on Wednesday, Dec. 16, 2020. More than three dozen state attorneys general last week filed an antitrust suit against Google, accusing the tech behemoth of a slew of anticompetitive behaviors. Among those behaviors, a new report finds, is an explicit agreement from Google to work with Facebook not only to divide the online advertising marketplace, but… Source link

(AP) – Google is pushing back in court this week on antitrust claims brought against it by the Justice Department two months ago. In a legal filing with the U.S. District Court for the District of Columbia, Google denied or partially rejected almost 200 specific complaints against it. On only one count, that Google was “founded in Menlo Park garage 22 years ago,” did the company side with the Justice Department. It said that people use its search engine “because they choose to, not… 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