The Biden Administration’s Department of Justice (DOJ) is preparing to file an antitrust lawsuit against Google, alleging that the company has an unfair dominance over the digital ad market. As reported by the New York Post, the federal lawsuit could be filed as soon as Tuesday against Google’s parent company, Alphabet Inc. The suit will target Google’s lucrative advertising business, which accounts for 80 percent of Google’s overall revenue; in 2023, Google is projected to make at least $73.8 billion from advertising alone.Read More
California Democratic Attorney General Rob Bonta announced on Wednesday an antitrust lawsuit against Amazon, claiming that the retail giant “stifled competition and caused increased prices” in the state.
“Amazon coerces merchants into agreements that keep prices artificially high, knowing full well that they can’t afford to say no. With other e-commerce platforms unable to compete on price, consumers turn to Amazon as a one-stop shop for all their purchases,” Bonta said. “This perpetuates Amazon’s market dominance.”Read More
The European Union (EU) General Court upheld a ruling Wednesday that Google violated EU antitrust law by preferencing its own shopping service in search results.
The European Commission, the EU’s top regulator, ruled in 2017 that Google’s practice of prioritizing its online marketplace in its search results was anti-competitive, slapping the tech giant with a roughly $2.8 billion fine. Google appealed the decision, but the EU General Court, the second-highest court in the continent, upheld the ruling Wednesday.Read More