Trillion giant suddenly global containment! Google sued by US Department of Justice

category:Finance
 Trillion giant suddenly global containment! Google sued by US Department of Justice


According to incomplete statistics, in Asia and Europe, countries involved in antitrust investigation or review of Google include Australia, Japan, European Union, South Korea, India and China, which are Americas staunch allies.

So why did Google get angry? In fact, according to the news from all sides, Google may be just the beginning, and apple, Facebook and Amazon may all be investigated. Analysts believe that if radical measures are taken against apple, Amazon, Facebook and Google, the fermentation will have a greater impact on US stocks.

On October 20, Reuters suddenly reported that the U.S. Department of justice is expected to file a lawsuit against Google. In fact, the relevant investigation began as early as last year. On September 7 last year, Google confirmed that the US Department of justice had asked the company to provide relevant records of its previous antitrust investigation, marking the first time that a technology giant has officially admitted to an antitrust investigation conducted by US regulators. And a few days before Google admitted to a civil investigation, prosecutors General of more than 30 states in the United States announced a major antitrust investigation into Google.

Its not just the U.S. that Google is facing a survey of the worlds major economies. In July, Australia sued Google for misleading consumers to obtain permission to use their personal data for targeted advertising. The countrys antitrust regulator also warned that Googles planned $2.1 billion acquisition of Fitbit, a fitness tracker maker, could provide it with too much user data, potentially damaging health and competition in the online advertising market.

Regulators also want independent mediators to know how much Google is paying media companies to redistribute its content. In response, Google said its main search engine could be at risk in Australia. Google has announced a plan to pay a billion Australian dollars to publishers worldwide over the next three years.

The case has been submitted by Chinas top market regulator to the anti trust Committee of the State Council for examination, the source said. Googles main search platform has been blocked in China since 2010, but it still has some businesses in China, such as advertising sales.

In 2018, the countrys anti competition regulator fined Google for search bias, but the company filed an appeal. Regulators have accused Google of abusing its dominant market position to reduce smartphone manufacturers ability to choose alternative versions of Android, and is reviewing a case accusing Google of unfairly promoting its mobile payment app in the country.

South Koreas antitrust regulator said earlier this month that it was reviewing Googles plan to charge 30% commission on in app purchases from app stores, thus expanding its scrutiny of the countrys telecommunications regulators.

Japans Fair Trade Commission (FTC) said on Monday that it would join forces with the United States and Europe to take responsibility for market abuses by four major technology companies Google, apple, Amazon and Facebook.

In 2019, Japans Fair Competition Commission conducted antitrust investigations on apple and Amazon successively. According to the JFTC investigation, apple forced Japanese companies to provide free parts and patented manufacturing technology to Apples subsidiaries by signing contracts. Similarly, JFTC also found that Amazon had a number of improper requirements on suppliers, and accordingly asked Amazon Japan to rectify and refund the supplier as soon as possible.

In October, the House Judiciary Committee released a 449 page digital market competition survey. In the report, apple, Amazon, Google and Facebook were accused of using their gatekeeper advantages to stifle potential competitors and implement self preferential behavior.

The committee said that more stringent supervision should be imposed on these corporate giants, and suggested structural separation of these technology enterprises, such as forcing them to split up or adjusting their business structure. The implementation of this policy is still facing great resistance.

From the reasons for the previous investigation, it is mainly focused on whether Googles search and advertising business is against the anti monopoly law, and whether there is monopoly in Googles mobile phone system. However, why do we focus on similar news in the near future? This may also have something to do with the presidential election.

According to data, on December 11, 2018 us time, Google CEO Sundar Pichai attended a hearing in the US Congress to discuss whether Googles search of American conservative content is discriminated against, data security, false news, hate speech and other issues. One of the questions raised by us congressman Zoe lovegren is that if you Google the photos of idiot now, you will get Trumps photos. Facebook is similar to Google. In March 2018, Facebook exposed a massive data leak. A company named Cambridge analytics was accused of using Facebooks 87 million user data to manipulate the US presidential election. Some observers believe that the launch of an anti-monopoly investigation near the US presidential election in 2020 may also be a warning to monopoly giants with a large amount of Internet data to remain politically neutral and avoid repeating Hillary Clintons mistakes. 3000% of the extended reading has changed hands again! Ignoring risk tips convertible bonds get crazy speculation Korean media: US State Department to use Huawei equipment Korean enterprises deliberate okex will restore the French currency trading platform, the number of bitcoin alone has reached 200000. Source: securities firm China responsible editor: Chen Hequn_ NB12679

According to data, on December 11, 2018 us time, Google CEO Sundar Pichai attended a hearing in the US Congress to discuss whether Googles search of American conservative content is discriminated against, data security, false news, hate speech and other issues. One of the questions raised by us congressman Zoe lovegren is that if you Google the photos of idiot now, you will get Trumps photos.