×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: google

Texas and 9 Other States Sue Google for Abusing Market Power

Texas and 9 Other States Sue Google for Abusing Market Power
(Getty)

Wednesday, 16 December 2020 03:09 PM

Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business.

The Texas lawsuit is the fourth in a series of federal and state lawsuits aimed at reining in alleged bad behavior by the big tech platforms that have grown significantly in the past two decades. The lawsuit was filed in the Eastern District of Texas.

Texas Attorney General Ken Paxton had previously joined the U.S. Justice Department's lawsuit against the company in October, which accused the $1 trillion California-based company of illegally using its market power to hobble rivals, and was joined by 11 other states when it was filed.

In its lawsuit, Texas argues that Google dominates the path of getting an advertisement from the agency that produces it to a Web page or mobile app that attracts the consumer's eyeballs.

"Google repeatedly used its monopolistic power to control pricing (and) engage in market collusions to rig auctions in a tremendous violation of justice," Paxton said in a Facebook video.

The company "eliminated its competition and crowned itself the king of online advertising," he added.

Google did not immediately respond to a request for comment.

The nine states that joined Texas are Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho.

Alphabet shares added slightly to losses to trade down 0.5% on Wednesday afternoon after news of the new lawsuit.

© 2021 Thomson/Reuters. All rights reserved.


Newsfront
Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business. The Texas lawsuit is the fourth in a series of federal and state lawsuits aimed at...
google
243
2020-09-16
Wednesday, 16 December 2020 03:09 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App