The Justice Department and eight states filed an antitrust suit against Google, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the US government. Know more:
WASHINGTON—The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the US government.
The suit, the latest legal action brought by the government against Google, accuses the company of unlawfully monopolizing the way ads are served online by excluding competitors. Google’s ad manager lets large publishers who have significant direct sales manage their advertisements. The ad exchange, meanwhile, is a real-time marketplace to buy and sell online display ads.
Alphabet Inc., Google’s parent company, said in a statement that the suit “doubles down on a flawed argument that would slow innovation, raise advertising fees, and make it harder for thousands of small businesses and publishers to grow.” Matt Schruers, president of the Computer & Communications Industry Association, said competition for advertising is fierce and the “governments’ contention that digital ads aren’t in competition with print, broadcast, and outdoor advertising defies reason.”
Google held nearly 29 percent of the US digital advertising market—it includes all the ads people see on computers, phones, tablets and other Internet-connected devices—in 2022, according to research firm Insider Intelligence. Facebook parent company Meta is second, commanding nearly 20 percent of the market. Amazon is a distant, but growing, third at more than 11 percent.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. targets Google’s online ad business monopoly in latest Big Tech lawsuitThe U.S. Justice Department accused Alphabet Inc’s Google of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most successful internet companies. | Reuters
Read more »
Labor department assures ILO mission action plans will be drawn to address workers’ concerns - BusinessWorld OnlineTHE DEPARTMENT of Labor and Employment (DoLE) has assured the International Labor Organization (ILO), which currently has a high-level mission in the Philippines to look into the government’s compliance with international labor conventions, that action plans are being discussed to address workers’ concerns. In a statement published on Monday evening, DoLE said Labor Secretary Bienvenido […]
Read more »
OFW rights group calls for justice for slain Filipina in KuwaitThe suspect behind Filipino domestic worker Jullebee Ranara's death is under Kuwaiti police custody, says Migrant Workers Secretary Susan Ople.
Read more »
Lebanon judge probing Beirut blast takes aim at top justice officialsLebanon’s campaigning judge Tarek Bitar, who is investigating the deadly 2020 Beirut port blast, charged the prosecutor general and seven others with probable intent to murder and other crimes, a judicial official said Tuesday.
Read more »
US targets Google's online ad business monopoly in latest Big Tech lawsuitThe US government says Google should be forced to sell its ad manager suite, tackling a business that generated about 12% of Google's revenues in 2021, but also plays a vital role in its overall sales.
Read more »
Prosecutors seek justice in Alec Baldwin case, regardless of fame | Morgan Lee / The Associated PressSANTA FE, New Mexico—Alec Baldwin faces two types of manslaughter charges in a reckoning on gun safety and the film industry, with two potential standards for proof and possible sanctions of up to five years in prison. Prosecutors have vowed to file those charges before February against the 64-year-old actor…
Read more »