DOJ files antitrust lawsuit against Google, alleging monopoly over digital advertising market

  • 📰 ABC7
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 68%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The Justice Department alleges the Big Tech giant has a monopoly over the online advertising market.

The action seeks to "halt Google's anticompetitive scheme, unwind Google's monopolistic grip on the market, and restore competition to digital advertising," the lawsuit said.

"Competition in the ad tech space is broken, for reasons that were neither accidental nor inevitable," the DOJ wrote in the lawsuit. "One industry behemoth, Google, has corrupted legitimate competition in the ad tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers, and brokers, to facilitate digital advertising.

. In total, tech giants Google, Amazon and Facebook-parent Meta will take in about 64% of the $200 billion in digital ad revenue generated this year, the study found."Today's lawsuit from the DOJ attempts to pick winners and losers in the highly competitive advertising technology sector. It largely duplicates an unfounded lawsuit by the Texas Attorney General, much of which was recently dismissed by a federal court," a spokesperson said.

Google exploits a conflict of interest, the lawsuit alleges, since the company controls the technology used to both offer and purchase advertising space, as well as the largest ad exchange on which marketers are matched with publishers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 67. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And one month prior Paul Polosi cashed out 1.5 to 3 million in stock. This is the second time in under two years that he has done this.. first was congress funded computer chips.. he bought stock on month before the bill passed.. corruption

Good thing Pelosi sold off her Google stock a few weeks ago - phew!

With this be because Ray’s name in Google and it’s complaint, and this is more mass brainwashing prior to painting of the jury pool

Now this is kind of is somewhat of a fantastic riot. Illuminati disguised protects Sue’s itself

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DOJ poised to sue Google over digital ad market dominanceThe Justice Department is poised to sue Alphabet Inc’s Google as soon as Tuesday regarding its dominance over the digital advertising market. Whatever!
Source: nypost - 🏆 91. / 67 Read more »

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 its dominance over the digital advertising market, Bloomberg News reported on Monday, citing people familiar with the matter. what does everyone think that we actually want or like adds ? 10% for the BigGuy AI and Robotics are rapidly changing the world of work. As tech advances, much is unknown about the future of human jobs in this industry. LiveInTheMoment PressForChange FutureTech
Source: Reuters - 🏆 2. / 97 Read more »

DOJ Files Second Antitrust Suit Against Google, Seeks to Break Up Its Ad BusinessThe U.S. Justice Department filed its second antitrust lawsuit against Google in just over two years, this time targeting its advertising business. CNBC The attack on achievement is widely popular. Government should not be attacking companies for doing well Government needs money 😄
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

DOJ files second antitrust suit against Google, seeks to break up its ad businessJUST IN: The Justice Department and eight states filed a lawsuit against Google over its digital advertising business. The lawsuit claims that the tech giant illegally monopolizes the market for online ads and systematically stifles competitors. Okay good. Go Brady Go your internal link goes to Pacer login Google is way too big of a company and definitely should be broke up they use their Monopoly as a authoritarianism weapon. Any company that owns hardware or software should not be allowed to own an AD company!
Source: NPR - 🏆 96. / 63 Read more »