Skip to main content

Department of Justice sued google.

 The DoJ has sued Google for allegedly exer­cising mono­pol­istic con­trol of the digital ads mar­ket in the latest legal


broad­side against the US tech­no­logy giant.—The US Depart­ment of Justice has sued Google for allegedly exer­cising mono­pol­istic con­trol of the digital advert­ising mar­ket, in the latest legal broad­side against the busi­ness as Wash­ing­ton seeks to crack down on the dom­in­ance of Big Tech.

A com­plaint filed yes­ter­day by the DoJ and a group of US states in a Vir­ginia fed­eral court accuses Google of using «anti-com­pet­it­ive, exclu­sion­ary and unlaw­ful means to elim­in­ate or severely dimin­ish any threat to its dom­in­ance over digital advert­ising tech­no­lo­gies».


The ‘behemoth’ is accused of ‘a sys­tem­atic cam­paign to seize con­trol of the wide swath of high-tech tools’

Author­it­ies also accused Google of hav­ing «per­vas­ive con­flicts of interest» because it con­trols numer­ous aspects of the digital ad mar­ket, includ­ing the tech used by web­site pub­lish­ers to sell ad space and the biggest exchange where ads are sold.
The US gov­ern­ment has accused Google of viol­at­ing the 1890 Sher­man Anti­trust Act, one of the coun­try’s main cor­por­ate anti­trust laws. It is seek­ing dam­ages and demand­ing that the com­pany be forced to divest its Google Ad Man­ager suite.
Google did not respond to a request for com­ment.
This is the first law­suit against Google filed by the DoJ’s anti­trust unit under the lead­er­ship of Jonathan Kanter, a critic of Big Tech who has pri­or­it­ised crack­ing down on anti-com­pet­it­ive prac­tices in the industry.

Labels:

Comments

  1. Ana25 January 2023 at 11:38

    This was coming sooner or later. Google has no real competitor in its market so it was just a matter of time before they started eliminating or diminishing potential threats to its dominance.

    ReplyDelete
    Replies
    1. Rebecca25 January 2023 at 12:03

      They've been doing this for years and no one at the DoJ seemed to notice. I wonder what changed?

      Delete
    2. Tim25 January 2023 at 13:10

      I think Jonathan Kanter has it in for Google plus he might be supported by other people and companies that want Google to suffer and lose some of its power.

      Delete

Post a Comment

Cloud Bookkeeping

US FED rate rise.

  The US Federal Reserve officials have indicated that they plan to resume increasing interest rates to control inflation in the world's biggest economy. During the June meeting, the Federal Open Market Committee reached a consensus to keep interest rates stable for the time being to evaluate whether further tightening of policy would be necessary. However, the majority of the committee anticipates that additional rate increases will be required in the future. The minutes of the meeting have recently been made public. According to the minutes, most participants believed maintaining the federal funds rate at 5 to 5.25 per cent was appropriate or acceptable, despite some individuals wanting to raise the acceleration due to slow progress in cooling inflation. Although Fed forecasts predicted a mild recession starting later in the year, policymakers faced challenges in interpreting data that showed a tight job market and only slight improvements in inflation. Additionally, officials gr...
Post a Comment
Read more

EU business slide.

  S&P Global’s flash eurozone composite purchasing managers’ index, a key gauge of business conditions for the manufacturing and services sector, fell 1 point to 47.1, figures showed yesterday. That is its lowest level since November 2020 and the fourth consecutive month below the crucial 50 mark separating growth from contraction. One of the few bright spots in the survey was that companies in all sectors reported a slight easing of cost pressures, price growth and supply chain constraints. However, prices charged for goods and services still rose at the sixth fastest rate since such data started in 2002. Jobs growth increased marginally from October but remained low compared with the past 18 months. Following a few months of falling price pressure in manufacturing and services, the October print shows an overall stabilisation said Jens Eisenschmidt, chief European economist at Morgan Stanley. However, German businesses, at the hub of Europe’s energy crisis, reported that manu...
1 comment
Read more

India- UK trade deal.

  According to India's top trade official, talks with the UK regarding a trade agreement are progressing well, despite obstacles related to temporary work visas and the opening up industries like automotive and spirits. The Commerce and Industry Minister, Piyush Goyal, explained that India is seeking transition periods or greater market access in specific sectors due to its economy, which is slightly larger than the UK's and expected to outgrow it in the coming decades. If a trade deal is reached, it would be one of the most significant agreements for Britain since leaving the EU, and it would also be necessary for India, which surpassed the UK as the fifth-largest economy last year. Goyal stated that India aims to increase its economy from $3.5tn to $35tn by 2047, the country's centenary of independence. According to officials and diplomats in India, talks about a proposed trade deal may be finished by early September, just in time for the G20 summit in New Delhi. Nigel Hu...
Post a Comment
Read more