Tag Archives: antitrust

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

Google said on Monday that it had not used its multibillion-dollar deals with other large tech firms to protect its position as the dominant online search engine, in the company’s first formal rebuttal to the Justice Department’s accusations that those deals violated antitrust laws. The filing, a 42-page document, is a paragraph-by-paragraph — and sometimes sentence-by-sentence — denial of the claims made by the government and a group of states that have joined its lawsuit. In the… Source link

Applico CEO Alex Moazed on the DOJ’s lawsuit against Google as the company calls it ‘deeply flawed.’ Several private publishers filed two antitrust lawsuits against Google this week as the company comes under increasing scrutiny over its advertising and search practices. Dozens of state attorneys general and the Justice Department also filed two separate antitrust complaints, led by Colorado Attorney General Phil Weiser and Texas Attorney General Ken Paxton, respectively, against the… Source link

“Who the heck consents to having a company track them across the internet,” she remembered thinking. “They could only do it because they had monopoly power to do something that clearly goes against consumer interests.” After leaving the ad world in 2017, she spent the next year researching and writing a paper on why Facebook was a monopoly. When she was done, she submitted her paper to the websites of about a dozen law reviews. To her surprise, the Berkeley Business Law Journal, which… Source link

NEW YORK (WCBS 880) — New Jersey, New York and Connecticut are among more than 30 states suing Google, saying the company is too dominant in the search engine industry. In a statement, New Jersey Attorney General Gurbir Grewal said the suit “sends the message that no company is too powerful to avoid real accountability.” The states say that Google is not giving enough of a choice when searching online and that they’re paying in some cases to make… Source link

GlobeNewswire SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Qiwi plc – QIWI NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Qiwi plc (“Qiwi” or the “Company”) (NASDAQ: QIWI).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Qiwi and certain of its officers and/or directors have engaged… Source link

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link

The Justice Department’s historic lawsuit against Google is moving along — albeit very, very slowly. In a status hearing Friday, U.S. District Judge Amit Mehta set a tentative date for the case. The good news and the bad news for both parties involved is that it’s more than two years away. As CNBC reports, Mehta chose September 12, 2023 as the first day of the trial, which is expected to last weeks. That date could change, but with both the Justice Department and Google agreeing… Source link