Monday, January 30, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Global-How
  • Home
  • Business
  • Health
  • Technology
  • Sports
  • Entairtainment
  • Science
No Result
View All Result
  • Home
  • Business
  • Health
  • Technology
  • Sports
  • Entairtainment
  • Science
No Result
View All Result
Global-How
No Result
View All Result
Home Business

US sues Google on digital ad business dominance, joined by eight states

Belkaid Hichem by Belkaid Hichem
January 25, 2023
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The US Justice Department filed a lawsuit against Alphabet’s Google on Tuesday over allegations that the company abused its dominance of the digital advertising business, according to a court document.

“Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising technologies,” the government said in its antitrust complaint.

The Justice Department asked the court to compel Google to divest its Google Ad manager suite, including its ad exchange AdX.

Google did not immediately respond to a request for comment.

The lawsuit is the second federal antitrust complaint filed against Google, alleging violations of antitrust law in how the company acquires or maintains its dominance. The Justice Department lawsuit filed against Google in 2020 focuses on its monopoly in search and is scheduled to go to trial in September.

Eight states joined the department in the lawsuit filed on Tuesday, including Google’s home state of California.

Google shares were down 1.3 percent on the news.The lawsuit says “Google has thwarted meaningful competition and deterred innovation in the digital advertising industry, taken supra-competitive profits for itself, prevented the free market from functioning fairly to support the interests of the advertisers and publishers who make today’s powerful internet possible.”

While Google remains the market leader by a long shot, its share of the U.S. digital ad revenue has been eroding, falling to 28.8% last year from 36.7% in 2016, according to Insider Intelligence. Google’s advertising business is responsible for some 80% of its revenue.



Source_link

Previous Post

UVU Business Professor Wins Global Podcast Award

Next Post

Scientists search for animals killed by renewables

Belkaid Hichem

Belkaid Hichem

Next Post

Scientists search for animals killed by renewables

Leave a Reply Cancel reply

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

Recent News

Brendan Fraser has ‘made peace’ with his looks | Entertainment News

January 30, 2023

Health cheer: Dip in mortality rate, C-section in Telangana | Hyderabad News

January 30, 2023

Theresa Huff honored on National Girls and Women in Sports Day | News

January 30, 2023

Today’s Latest Business News, Finance and Share Market News at 9:30 am on 9th January 2023

January 30, 2023

Global-How

Welcome to Globalhow The goal of Globalhow is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Browse by Category

  • Business
  • Entairtainment
  • Health
  • Science
  • Sports
  • Technology

Recent Post

  • Brendan Fraser has ‘made peace’ with his looks | Entertainment News
  • Health cheer: Dip in mortality rate, C-section in Telangana | Hyderabad News
  • Theresa Huff honored on National Girls and Women in Sports Day | News
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Health
  • Technology
  • Sports
  • Entairtainment
  • Science

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.