Alphabet Inc's Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is 'without merit'.The company also added it will 'defend itself vigorously'.The government on Tuesday said Google should be for
Alphabet Inc's Google said on Wednesday it believes the complaint from the U.S. Department of Justice accusing the company of abusing its dominance in digital advertising is"without merit".The government on Tuesday said Google should be forced to sell its ad manager suite, tackling a business that generated about 12 per cent of Google's revenue in 2021 while also playing a vital role in the search engine and cloud company's overall sales.
Google, which depends on its advertising business for about 80 per cent of its revenue, said the government was"doubling down on a flawed argument that would slow innovation, raise advertising fees and make it harder for thousands of small businesses and publishers to grow." The federal government has said its Big Tech investigations and lawsuits are aimed at leveling the playing field for smaller rivals who are up against a group of powerful companies that include Amazon.com, Facebook-owner Meta Platforms and Apple Inc.
"In contrast with prior cases/investigations against Google's ad tech biz, we view the DOJ complaint as fairly substantive and preempting some potential Google lines of defense," said Wells Fargo analyst Brian Fitzgerald.
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US sues Google on ad tech business, joined by eight states: Court filingWASHINGTON: The US Justice Department filed a lawsuit against Alphabet's Google on Tuesday (Jan 24) 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 s
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US accuses Google of corrupting competition in digital advertisingWASHINGTON: The US Justice Department filed a lawsuit against Alphabet's Google on Tuesday (Jan 24) over allegations that the company abused its dominance of the digital advertising business. 'Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to
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US accuses Google of corrupting competition in digital advertisingWASHINGTON : The U.S. Justice Department filed a lawsuit against Alphabet's Google on Tuesday over allegations that the company abused its dominance of the digital advertising business.'Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its do
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US sues Google over dominance of online ad marketWASHINGTON: The US Justice Department sued Google on Tuesday (Jan 24) for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant. The case was the second federal lawsuit against Google over alleged antitrust violations and the first since US P
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DOJ poised to sue Google over digital ad market dominance - Bloomberg NewsThe U.S. Justice Department is poised to sue Alphabet Inc's Google as soon as Tuesday regarding the company's dominance over the digital advertising market space, Bloomberg News reported on Monday, citing people familiar with the matter.
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Google worker films news of being sacked after office videos went viralA worker at Google has taken to TikTok to share the day she got laid off. Read what happened.
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