By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Investing > Federal judge narrows Google antitrust suit as trial set for next month
Investing

Federal judge narrows Google antitrust suit as trial set for next month

News Room
Last updated: 2023/08/05 at 7:26 AM
By News Room
Share
3 Min Read
SHARE

A federal judge on Friday narrowed a major antitrust case against Alphabet’s Google ahead of the trial expected to begin next month.

U.S. District Judge Amit Mehta rejected part of the argument made in a 2020 suit by a bipartisanship group of 38 state attorneys general who argued the search giant’s
GOOGL,
-0.26%

GOOG,
-0.18%
dominance make it an unlawful monopoly in the digital-ad space. He is allowing the Justice Department and the state officials to make other antitrust arguments in the pending nonjury trial, including some targeting its search dominance.

While Friday’s ruling eliminates a sizable claim against Google, it does preserve the core of the government’s case, clearing the way for the antitrust trial to continue, legal analysts said.

Colorado Attorney General Phil Weiser, who led the group of state attorneys general in the suit, said he was pleased it would proceed to trial.

He and the others said in their suit that Google undermined competitors such as restaurant and travel booking sites by using its dominance in search to restrict their advertisements, for example. But in his decision, Mehta said the state AGs failed to find evidence supporting their allegations.

Google dominates the online ad market, earning more than one-quarter of U.S. digital-advertising revenue, according to estimates from research firm Insider Intelligence Inc.

Google takes some 90% of search-engine queries worldwide. The Justice Department and others sued the company in October 2020, alleging that the company creates a monopoly “through exclusionary distribution agreements that steer billions of search queries to Google each day.”

That includes, the suit said, contracts that make Google the default search engine on Apple’s
AAPL,
-4.80%
Safari browser and Mozilla’s Firefox browser.

“People have more ways than ever to access information, and they choose to use Google because it’s helpful,” Google chief legal officer Kent Walker said in a statement, according to the Wall Street Journal. “We look forward to showing at trial that promoting and distributing our services is both legal and pro-competitive.”

The case against Google is expected to be one of the most significant U.S. antitrust action since the government sued Microsoft
MSFT,
+0.34%
 in the 1990s.

Read the full article here

News Room August 5, 2023 August 5, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Corcept Therapeutics’ Relacorilant Fell Short And What It Means For The Company

This article was written byFollowBioTechAnalyzer is a research and analytics platform focused…

How Build-a-Bear went from a penny stock to a retail winner

Watch full video on YouTube

@TheSharkDaymond reveals “the pitch that got away.”

Watch full video on YouTube

Watts Water Technologies: Hold Rated For The Near Term Because Of Uncertainties

This article was written byFollowI’m a fundamental, valuation-driven investor with a strong…

How AI is influencing the Federal Reserve

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Why Home Builders Are Bouncing Today—and Why Their Stocks Are Good Buys

By News Room
Investing

This Beaten-Down Industrial Stock Wants to Call America Home. Why It’s Time to Buy.

By News Room
Investing

These 8 Dividend Aristocrats Can Protect Your Portfolio in a Downturn

By News Room
Investing

Some Lenders Benefit From SBA’s Troubled Loan Program

By News Room
Investing

Social Security Is in Turmoil. Should You Lock In Benefits Now?

By News Room
Investing

Hims & Hers Stock Is Due for a Crash Diet. The GLP-1 Surge Is Fading Fast.

By News Room
Investing

Opinion: The stock-market selloff isn’t over yet. Here are 4 reasons why.

By News Room
Investing

With Trump’s tariffs paused, ‘Big Three’ automakers may race to build inventories

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?