Alphabet Inc (GOOG)

[DiscoverGold]

How Big Tech is faring against U.S. lawsuits and probes
By: Reuters | December 7, 2021

• Big Tech platforms Meta Platforms Inc, formerly known as Facebook (NASDAQ:FB), and Google have been hit with a series of antitrust lawsuits by the U.S. federal government and states on charges they are operating monopolies and abusing their power.

Four lawsuits against Google:

The U.S. Justice Department sued Alphabet (NASDAQ:GOOGL) Inc's Google in October 2000, accusing the $1 trillion company of illegally using its market muscle to hobble rivals. A trial date was set for Sept. 12, 2023.

The government is preparing to file a second lawsuit focused on the company's digital advertising business.

A lawsuit by 38 U.S. states and territories accuses Google of abusing its market power to try to make its search engine as dominant inside cars, TVs and speakers as it is in cellphones. This was consolidated with the federal lawsuit for purposes of discovery.

Texas, backed by other states, filed a separate lawsuit against Google in December 2020, accusing it of breaking antitrust law in how it runs its online advertising business.

Dozens of state attorneys general sued Google on July 7, alleging it bought off competitors and used restrictive contracts to unlawfully maintain a monopoly for its app store on Android phones...

Read Full Story »»»

DiscoverGold