antitrustlawsuit
According to an unnamed source on Bloomberg, the Department of Justice (DOJ) in the U.S. is preparing a new lawsuit against Google – Alphabet Inc (NASDAQ:GOOGL) – to clamp on its power in the online advertising business. Q2 2021 hedge fund letters, conferences and more A New Lawsuit ComingThe lawsuit, the person familiar with the matter said, is to be filed by the end of this year. The authority is summoning third parties as witnesses, as well as targeting documents into what is seen as a thorough investigation that is picking pace. According to Bloomberg, scrutiny dates back to Donald Trump’s...
ValueWalk
New York State Attorney General Letitia James announced a bipartisan offensive by 37 district and attorney generals against Google – Alphabet Inc (NASDAQ:GOOGL)– over monopoly practices on its mobile app store. [soros] Q2 2021 hedge fund letters, conferences and more Google raising prices and squeezing small businessesThe lawsuit claims that Google requires some apps to use its payment methods while retaining a 30% commission of their digital product sales on the company’s Android Play Store. App developers are forced to use Google’s software for distribution because the company has “targeted ...
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