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.
More than 30 states added to Google’s mushrooming legal woes on Thursday, accusing the Silicon Valley titan of illegally arranging its search results to push out smaller rivals.
Ten states led by Texas Attorney General Ken Paxton (R) filed an antitrust lawsuit against Google on Wednesday, alleging the tech giant illegally sought to suppress competition and reap massive profits from targeted advertisements placed across the Web.
The U.S. and state cases against the social network are far from a slam dunk because the standards of proof are formidable.
The EU’s efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.
Lawmakers hammered the chief executives of Twitter, Facebook, Google and one another at a Senate hearing on Wednesday, with Republicans claiming the companies were suppressing conservative views while Democrats accused their colleagues of holding a “sham” hearing for political gain.
For decades, America’s antitrust laws — originally designed to curb the power of 19th-century corporate giants in railroads, oil and steel — have been hailed as “the Magna Carta of free enterprise” and have proved remarkably durable and adaptable.
The Justice Department took a big swing at Google this week, alleging in a lawsuit that it violated antitrust law by stifling competition, particularly with its search engine and lucrative advertising business.
It’s a compelling case, positioning Google as an anticompetitive behemoth that suppresses would-be rivals through exclusive deals and runs up prices for marketers through its byzantine online advertising sales process. Consumers, the Justice Department contends, are suffering from a lack of choice when they search for travel deals, local restaurants and answers to everyday questions.
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It’s time to address monopoly capitalism and, in particular, monopoly data capitalism, which has been turbo-charged by Covid-19, forcing the world to live and work online. A Joe Biden presidency – increasingly likely – and an EU unhampered by British reluctance to do anything bold to reform or even tax a monopolistic private sector are set to make common cause. They will act in sync to attack the now bewildering monopoly power of the hi-tech giants by tackling its foundation – the simultaneous owning of pivotal digital platforms and the unbridled provision of the services on them.
The Justice Department on Tuesday sued Google over allegations that its search and advertising empire violated federal antitrust laws, launching what is likely to be a lengthy, bruising legal fight between Washington and Silicon Valley that could have vast implications for the entire tech industry.