RT.com
25 Jan 2023, 08:13 GMT+10
President Joe Biden's administration has accused the Big Tech giant of abusing its dominance of the online advertising business
Google has used "anti-competitive, exclusionary" practices to illegally crush or diminish any major threats to its dominance over the online advertising industry, President Joe Biden's administration has alleged in a lawsuit against the company.
The US Department of Justice (DOJ) filed its antitrust lawsuit against Google on Tuesday in US District Court in Alexandria, Virginia, calling for the company to be forced to sell off parts of its advertising business. Advertising accounts for about 80% of the Big Tech behemoth's revenue.
Google owns dominant services enabling customers to offer advertising space, create better ads and match publishers with advertisers. The company has leveraged its size and reach to buy out or disrupt "actual or potential" competitors and to leave advertisers and websites little choice but to use its services, the lawsuit alleged.
"Google has thwarted meaningful competition and deterred innovation in the digital advertising industry, taken supra-competitive profits for itself and prevented the free market from functioning fairly to support the interests of the advertisers and publishers who make today's powerful internet possible," the DOJ said.
Google argued that the government was trying to pick winners and losers in the "highly competitive" online advertising business. The DOJ's flawed arguments largely duplicate those in a Texas lawsuit that was recently dismissed by a federal court, the company said in a statement.
Eight states, including Google's home state of California, joined the federal government in Tuesday's lawsuit. "We are taking action by filing this lawsuit to unwind Google's monopoly and restore competition to the digital advertising business," Colorado Attorney General Phil Weiser said.
The administration of Biden's predecessor, then-President Donald Trump, filed an antitrust lawsuit against Google in 2020, alleging anticompetitive practices in the company's dominant online search business. That case is scheduled to go to trial later this year.
(RT.com)
Get a daily dose of Colorado Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Colorado Star.
More InformationSEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
DUBLIN, Ireland: Ireland reported a higher budget surplus than any other country among the 27-member European Union for the third ...
WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...
FRANKFURT, Germany: German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, ...
TOKYO, Japan: More than half of major Japanese companies are planning to raise wages this year, after Prime Minister Fumio ...
TAIPEI, Taiwan: Highlighting its worst performance in 13 years, Taiwan's trade-dependent economy contracted in the fourth quarter, affected by declining ...
WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...
WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...
WASHINGTON D.C.: Based on a range of measurements, US manufacturing could have entered a recession in the fourth quarter of ...
ST. LOUIS, Missouri: Missouri police report that all five prisoners who escaped last week from St. Francois County Detention Center ...