Tag Archives: antitrust

Google tees up venue clash over U.S. advertising antitrust lawsuit

Google tees up venue clash over U.S. advertising antitrust lawsuit

By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit to Manhattan federal court, where the company is already fighting claims that it has abused its market power for online advertising technology. In a filing in the Manhattan litigation, Google’s attorneys said transferring the lawsuit was necessary for “judicial efficiency and to mitigate the obvious risk of… Source link

Read More »

Google tees up venue clash over U.S. advertising antitrust lawsuit

Google tees up venue clash over U.S. advertising antitrust lawsuit

Company cites “judicial efficiency” in plan to seek transfer of new DOJ lawsuit DOJ could oppose such an effort, legal experts say Feb 2 (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit to Manhattan federal court, where the company is already fighting claims that it has abused its market power for online advertising technology. In a filing in the Manhattan litigation, Google’s… Source link

Read More »

Slowing ad sales, an antitrust suit, and ChatGPT on deck

Slowing ad sales, an antitrust suit, and ChatGPT on deck

Google parent Alphabet (GOOG, GOOGL) will report its Q4 earnings after the bell on Wednesday as investors and analysts look for signs that the broader digital advertising market has hit its bottom. Here’s what Wall Street expects from the company, as compiled by Bloomberg, compared to how the company performed in the same period last year. Alphabet had a 20-to-1 stock split in July 2022. The company, like Meta (META) and Snap (SNAP), is working to overcome a slowdown in the digital… Source link

Read More »