U.S. states file updated antitrust complaint against Alphabet’s Google By Reuters

© Reuters. FILE PHOTO: The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo

By Chris Prentice

WASHINGTON (Reuters) – A group of U.S. states led by Texas have filed an amended complaint against Alphabet (NASDAQ:) Inc’s Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost its already dominant advertising business.

The updated allegations are the latest in an onslaught of regulatory scrutiny of Google over its practices. The tech company faces several lawsuits, including one by the Justice Department for monopolistic practices.

Earlier this week, Google lost an appeal against a $2.8 billion European Union antitrust decision.

The amended U.S. lawsuit, filed in a federal court in New York late Friday, accuses Google of using monopolistic and coercive tactics with advertisers in its efforts to dominate and drive out competition in online advertising.

The lawsuit also highlights Google’s use of a secret program dubbed “Project Bernanke” in 2013 that used bidding data to give its own ad-buying an advantage. For example, in a 2015 iteration of the program, Google allegedly dropped the second-highest bids from publishers’ auctions, accumulated money into a pool and then spent that money to inflate only the bids belonging advertisers who used the company’s Google Ads. They otherwise would have likely lost the auctions, the states alleged.

Neither Alphabet nor the Texas Attorney General’s office responded immediately to requests for comment on the lawsuit.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*