Tag Archives: dominance

Google logos. Photo credit: LOIC VENANCE/AFP AFP via Getty Images South Africa’s Fourth Estate “is on its knees” as Google and Meta’s dominance has captured 97% of all digital advertising in the country, creating an “extinction crisis” for the media. This is the view of Ishmet Davidson, the chief executive officer of News24, South Africa’s largest digital news publisher, which is owned by internet firm Naspers. He was testifying at the country’s Competition Commission inquiry… Source link

European news media companies sued Google for roughly $2.1 billion in damages Wednesday over allegations that the tech giant’s ad technology practices have harmed them.   The case, filed by more than 30 European news media companies, including the German-based company Axel Springer that owns Politico, is the latest challenge to the California-based company over its ad technology, including a case launched by the Department of Justice last year.   The companies suing… Source link

Microsoft Corp.’s Bing search engine, Edge web browser and Advertising services are set to be exempt from strict new European Union antitrust rules reining in Big Tech platforms because watchdogs tentatively concluded they’re not dominant enough to be hit by the regulation. European Commission officials are leaning toward the reprieve for the US software giant as part of a five-month market investigation ending in February, according to people familiar with the matter who spoke on… Source link

Washington CNN  —  For the better part of 15 years, Google has seemed like an unstoppable force, powered by the strength of its online search engine and digital advertising business. But both now look increasingly vulnerable. This week, the Justice Department accused Google of running an illegal monopoly in its online advertising business and called for parts of it to be broken up. The case comes a couple of… Source link

Th Justice Department is poised to sue Alphabet Inc’s Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people familiar with the matter. The lawsuit would be the second federal antitrust complaint filed against Google, alleging violations of antitrust law in how the tech giant acquires or maintains its dominance. The Justice Department lawsuit filed against Google in 2020 focuses on… Source link

Jan 23 (Reuters) – The U.S. Justice Department is poised to sue Alphabet Inc’s (GOOGL.O) Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people familiar with the matter. The lawsuit would be the second federal antitrust complaint filed against Google, alleging violations of antitrust law in how the tech giant acquires or maintains its dominance. The Justice Department lawsuit filed against Google in 2020 focuses… Source link

Microsoft ‘s investment in OpenAI should offer “significant underappreciated upside” for the big technology stock in the months ahead, according to D.A. Davidson. The firm initiated coverage of the tech bellwether with a buy rating and $270 price target, viewing its investment in the research company, which operates ChatGPT, as a potential short-term catalyst for shares that help support its premium valuation. “Longer-term, we believe incorporating ChatGPT capabilities into Bing may provide… Source link

The traditional dominance of Google and Facebook in digital advertising is facing a growing challenge from Amazon.com Inc., TikTok and streaming services, new research says. In 2022, Alphabet Inc.’s GOOGL, -0.85%   GOOG, -0.93% Google, Meta Platforms Inc.’s META, +2.41% Facebook and their respective subsidiaries accounted for a combined 48.4% of U.S. digital-ad spending, according to estimates… Source link

The traditional dominance of Google and Facebook in digital advertising is facing a growing challenge from Amazon.com Inc., TikTok and streaming services, new research says. In 2022, Alphabet Inc.’s GOOGL, -1.48%   GOOG, -1.46% Google, Meta Platforms Inc.’s META, +1.88% Facebook and their respective subsidiaries accounted for a combined 48.4% of U.S. digital-ad spending, according to estimates… Source link

Data: Insider Intelligence. Note: E-commerce includes Amazon, eBay, Walmart and Etsy; streaming includes TikTok, Hulu, Roku, Pluto, Tubi, Spotify, Pandora and iHeartMedia; tech includes Microsoft, Yelp and Verizon/Yahoo; social media includes Snap, Twitter, Pinterest and Reddit. Grey space indicates all other U.S. digital advertising. Chart: Axios Visuals Google and Meta, known together in the ad industry as the “duopoly,” are expected to bring in less than half of all U.S. digital advertising… Source link