The largest anti-monopoly case in 20 years! US Department of justice launches antitrust lawsuit against Google

category:Finance
 The largest anti-monopoly case in 20 years! US Department of justice launches antitrust lawsuit against Google


The U.S. Department of justice has been conducting an antitrust investigation into Google for a year. On July 29, the U.S. Congress held an antitrust hearing, and CEOs of four major technology companies attended as witnesses.

At the hearing, Democrat David cicilline, chairman of the house of Representatives antitrust Committee, accused Google of abusing its position as a web portal, saying that Google has changed from a revolving door with internet access into a garden surrounded by walls.. He cites an internal memo showing how Google employees are discussing how other sites have so much traffic..

Google CEO sandar pichay responded that he was not familiar with the document, but said there was competition for online search elements, such as searching for specific items on some travel or retail sites, or vertical search.. When we look at vertical search, it validates what we call competition, said Mr. picchay On October 6, the US House of Representatives released a 449 page report, saying that the monopoly power of Amazon, apple, Facebook and Google has given them unfair market advantages, and they need to be more strictly regulated or even split up. Each of the four companies is a gatekeeper for a key channel and can choose winners or losers throughout the U.S. economy, the report said. In addition to Google, the report also accused Amazon of unfair treatment of third-party sellers on the platform, that Apples App Store fees and policies were anti competitive, and Facebook tried to eliminate future competitors through targeted mergers and acquisitions. Source: surging news editor: Zhong Qiming_ NF5619

Google CEO sandar pichay responded that he was not familiar with the document, but said there was competition for online search elements, such as searching for specific items on some travel or retail sites, or vertical search.. When we look at vertical search, it validates what we call competition, said Mr. picchay

On October 6, the US House of Representatives released a 449 page report, saying that the monopoly power of Amazon, apple, Facebook and Google has given them unfair market advantages, and they need to be more strictly regulated or even split up. Each of the four companies is a gatekeeper for a key channel and can choose winners or losers throughout the U.S. economy, the report said.

In addition to Google, the report also accused Amazon of unfair treatment of third-party sellers on the platform, that Apples App Store fees and policies were anti competitive, and Facebook tried to eliminate future competitors through targeted mergers and acquisitions.