Alphabet was sued back in January 2023 with concerns of monopolizing the digital marketing space.
With regard to suspected illegal monopolization of the digital advertising market, the U.S. Justice Department and eight states filed a lawsuit against Alphabet’s Google, demanding the division of the search engine’s ad-technology company.
Under the name Google Inc., Alphabet Inc. (GOOGL) was initially established in 1998 as a search engine company. Since then, Google has grown to become the most widely used search engine on the planet, controlling 92% of the market.
Read Also:
SVB collapse shocks California housing market as house values bottom out
Bitcoin Ad on display in front of Silicon Valley Bank Headquarter
First Citizens Plans to acquire Failed Silicon Valley Bank
Crude Prices Stable As Investors Consider Banking Crisis
U.S. regulator initiates law suit against Binance for breaking trading regulations.
In the past 20 years, the corporation has expanded far beyond search engines. It underwent a reorganization in 2015 and established the Alphabet holding company. The parent company owns several other businesses in addition to its major subsidiary, Google. Some of these businesses are Google subsidiaries, while others are held separately by Alphabet.
Alphabet INC has now seek the case of US antitrust to be dismissed. According to Reuters, Google parent Alphabet (GOOGL.O) asked a U.S. federal judge to dismiss a Justice Department lawsuit alleging that the search giant illegally abused its dominance of online advertising.
The government, which filed the ad tech lawsuit in January along with eight states, had argued that Google should be forced to sell its ad manager suite. Google has denied any wrongdoing.
Google said in blog post that the lawsuit “attempts to pick winners and losers in the highly competitive advertising technology sector. The case largely duplicates an unfounded lawsuit by the Texas Attorney General, much of which was recently dismissed by a federal court. DOJ is doubling 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.”
“No matter the industry and no matter the company, the Justice Department will vigorously enforce our antitrust laws,” Attorney General Merrick Garland said during the news conference.
Saudi Arabia and Russia Maintains voluntary oil cut as Oil price falls more than $3 on demand fears

Meta’s Instagram, Facebook may charge users $14 a month for ad-free

Intel plans to IPO programmable chip unit as shares rise 2%

Video: Moment Ministerial Nominee, Balarabe Abbas Collapsed During Senate Screening

Video: YouTuber IShowSpeed hospitalised after Elephant Toothpaste failed experiment

Photos: Suspects Has Been arrested for fatally shooting Boopac Shakur

Video: Lawyer Raymond Nduga publicly slaps wife 15 times and later buys her an Audi as an apology gift

Full video: 16 year old Armita Gravand attacked by Iran hijab enforcers is now in Coma

Video: Three dead, as 14-year-old Gunman opens fire at Siam Paragon mall In Bangkok

Full List: Over 17,000 Core Civil Servants Has Been Delisted From IPPIS Portal

Video: Missouri teacher Brianna Coppage video goes viral and suspended from work
