American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Google loses antitrust case over search

by admin August 7, 2024
August 7, 2024
Google loses antitrust case over search

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising.

The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. The court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies.

The ruling marks the first anti-monopoly decision against a tech company in decades.

“Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Amit Mehta of the U.S. District Court for the District of Columbia wrote in the decision.

Google CEO Sundar Pichai in 2023.Boris Streubel / Getty Images for DFB

The Department of Justice and a bipartisan group of attorneys general from 38 states and territories, led by Colorado and Nebraska, filed similar but separate antitrust suits against Google in 2020. The suits were combined for pretrial purposes, such as discovery of evidence.

Attorney General Merrick Garland called the decision a “historic win for the American people.”

“No company — no matter how large or influential — is above the law,” Garland wrote in a statement. “The Justice Department will continue to vigorously enforce our antitrust laws.”

In its ruling, the court homed in on Google’s exclusive search arrangements on Android and Apple’s iPhone and iPad devices, saying that they helped to cement Google’s anticompetitive behavior and dominance over the search markets.

General search services, according to the court, applies to Google’s core search engine, where it traditionally competed with Yahoo. General search text advertising refers to the text ads that run alongside search results. The court ruled that in both of those areas, Google has operated as a monopoly. However, the ruling found that general search advertising is not a market so there can be no monopoly control.

Kent Walker, Google’s president of global affairs, said in a statement that the company plans to appeal the ruling. He highlighted the court’s emphasis on the quality of Google’s products.

“This decision recognizes that Google offers the best search engine, but concludes that we shouldn’t be allowed to make it easily available,” Walker wrote. “As this process continues, we will remain focused on making products that people find helpful and easy to use.”

Alphabet shares fell more than 4% on Monday, dragged down by a broad decline in stocks worldwide.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Israel considers preemptive strike on Iran as tensions escalate: report
next post
Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover

Related Posts

Why the Fed keeping rates higher for longer...

April 26, 2024

Spotify is increasing U.S. prices for many of...

June 5, 2024

What made Evgo stock pop 10% on Friday?

December 14, 2024

Europe markets open: Stocks rise; BP Q2 profit...

August 5, 2025

Israel’s stock market hits record high despite Israel-Hamas...

July 18, 2025

Ubisoft could go under Chinese or Saudi ownership...

January 17, 2025

Asian stocks dip ahead of US jobs data:...

January 10, 2025

Analysts are bullish on these 2 Chinese autonomous...

January 20, 2025

Can Apple maintain growth despite China revenue challenges?

November 1, 2024

ARB eyes recovery as Arbitrum taps agentic DeFi...

June 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved