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
Tag: antitrust lawsuit
California Files Antitrust Lawsuit Against Amazon
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
Google Loses Antitrust Legal Battle, $2.8 Billion Fine Upheld
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
Apple Engaged in ‘Anticompetitive Conduct,’ Court Rules in Antitrust Lawsuit
A judge ruled Friday that Apple engaged in anticompetitive conduct in its App Store, concluding a lawsuit filed by game developers alleging the tech giant was an illegal monopolist.
Judge Yvonne Gonzalez Rogers ruled Friday that Apple’s policy of preventing app developers from linking to third-party payment systems within their apps was anticompetitive, forcing the iPhone maker to change its app store guidelines. However, Rogers ruled in favor of Apple on several other allegations, finding the tech giant did not illegally maintain a monopoly.
“While the Court finds that Apple enjoys considerable market share of over 55% and extraordinarily high profit margins, these factors alone do not show antitrust conduct,” Rogers wrote. “Success is not illegal.”Read More
DOJ Prepares Second Antitrust Suit Against Google over Digital Ads
The Department of Justice (DOJ) is readying an antitrust lawsuit against Google over its digital advertising practices, a source familiar with the matter told Bloomberg.
The lawsuit will be based on the ongoing DOJ investigation into allegations Google illegally maintains a monopoly in the digital advertising market, and could be filed as soon as December, the source told Bloomberg. Though the decision to file the complaint has yet to be finalized, the suit would be the DOJ’s second antitrust challenge against Google, following an October lawsuit which took aim at Google’s search business.Read More
Apple to Overhaul Its App Store in $100 Million Class Action Settlement
Apple proposed a settlement with app developers Thursday, requiring the tech company to restructure its app store and change some of its more controversial practices.
The agreement, still pending court approval, would settle a class action antitrust lawsuit filed by app developers against Apple for alleged anticompetitive practices in its app store.
The company will now permit app developers to use information obtained in their apps to directly communicate with consumers about payment options outside the app store, Apple announced in court filings Thursday. This helps developers avoid paying Apple a commission on app purchases, and grants developers greater control over their apps.Read More