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Google must face most of Texas lawsuit over ad dominance, judge rules

14 Tháng Chín 2022
Google must face most of Texas lawsuit over ad dominance, judge rules © Reuters. A woman passes the logo from the web search engine provider Google during the digital society festival 're:publica', at the Arena Berlin in Berlin, Germany June 9, 2022. REUTERS/Annegret Hilse
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By Paresh Dave

OAKLAND, Calif. (Reuters) -Alphabet Inc's Google (NASDAQ:GOOGL) must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas and 16 other states or territories, a federal judge ruled on Tuesday.

Google won its motion to dismiss an allegation that a cooperation agreement it struck with Meta Platforms' Facebook (NASDAQ:META) in 2018 was an unlawful restraint of trade, with U.S. District Judge P. Kevin Castel saying the companies had valid business reasons for the deal.

Google failed to convince Castel to dismiss three other counts related to its market power, though the judge found that some underlying claims by the states lacked merit.

Google said in a blog post https://blog.google/outreach-initiatives/public-policy/the-courts-decision-to-dismiss-much-of-the-texas-ags-antitrust-case on Tuesday that the decision underscored how Texas' case "is deeply flawed."

Texas' attorney general's office did not immediately respond to a request for comment.

The antitrust case is one of several against Google and other big tech companies that could go to trial over the next couple of years.

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27-09-2022 14:08:44 (UTC+7)

EUR/USD

0.9646

+0.0040 (+0.42%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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EUR/USD

0.9646

+0.0040 (+0.42%)

Summary

Sell

Moving Avg:

Buy (4)

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GBP/USD

1.0784

+0.0100 (+0.94%)

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Neutral

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USD/JPY

144.29

-0.47 (-0.32%)

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Neutral

Moving Avg:

Buy (3)

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AUD/USD

0.6498

+0.0044 (+0.68%)

Summary

Neutral

Moving Avg:

Buy (9)

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USD/CAD

1.3665

-0.0067 (-0.49%)

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EUR/JPY

139.18

+0.14 (+0.10%)

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EUR/CHF

0.9531

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Gold Futures

1,646.70

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Silver Futures

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3.3305

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US Small Cap 2000

1,664.34

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128.66

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    EUR/USD 0.9646 Sell  
    GBP/USD 1.0784 Neutral  
    USD/JPY 144.29 Neutral  
    AUD/USD 0.6498 Neutral  
    USD/CAD 1.3665 ↑ Sell  
    EUR/JPY 139.18 ↑ Sell  
    EUR/CHF 0.9531 ↑ Sell  
    Gold 1,646.70 ↑ Buy  
    Silver 18.672 ↑ Buy  
    Copper 3.3305 ↑ Buy  
    Crude Oil WTI 77.65 ↑ Sell  
    Brent Oil 83.82 ↑ Sell  
    Natural Gas 7.149 Neutral  
    US Coffee C 222.48 ↑ Sell  
    Euro Stoxx 50 3,365.85 ↑ Buy  
    S&P 500 3,655.04 ↑ Sell  
    DAX 12,336.42 ↑ Buy  
    FTSE 100 7,033.25 ↑ Buy  
    Hang Seng 17,787.00 Neutral  
    Small Cap 2000 1,664.34 ↑ Buy  
    IBEX 35 7,560.53 ↑ Buy  
    BASF 40.390 ↑ Sell  
    Bayer 49.15 ↑ Sell  
    Allianz 166.67 ↑ Sell  
    Adidas 128.66 ↑ Sell  
    Lufthansa 5.838 Neutral  
    Siemens AG 100.14 ↑ Sell  
    Deutsche Bank AG 8.537 ↑ Sell  
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