The US Department of Justice (DOJ) is putting the finishing touches on its antitrust lawsuit against Google that could be filed as early as this week, sources told The New York Times.
The newspaper reported the DOJ lawyers plan to brief the nation’s state attorneys general Wednesday (Sept. 23) on the landmark complaint against the Menlo Park, California-based tech giant. The meeting is seen as among the last steps before commencing the court action.
The probe, which was launched last year, is intended to uncover whether the tech giant is engaged in illegal antitrust practices.
Sources have told the Times the investigation will focus on whether Google gave its owned businesses preference in search queries.
Last year, Rohit Chopra, a Federal Trade Commission official, said fining tech companies will not make a difference.
“We’re not going to solve some of these problems just by small-time fines that aren’t going to change the underlying business model of these firms,” he said. “We actually have to take a hard look at whether these behemoths are killing off innovation and competition.”
Google, Facebook Inc. and other tech companies have been facing backlash from lawmakers and regulators around the globe.
In July, the CEOs of the world’s four biggest technology companies testified before the House Judiciary Committee as lawmakers investigate competition in the sector. Facebook’s Mark Zuckerberg, Sundar Pichai of Google, Apple’s Tim Cook and Jeff Bezos from Amazon made their case that they face competition and are not violating the nation’s antitrust laws.
US Rep. David Cicilline (D-Rhode Island) ended the hearing by saying the companies “have monopoly power.” The four tech giants defended their massive sizes and various purchases as competitive and not indicative of a squaring-off of parts of the market.
PYMNTS has contended that the companies are not, in fact, monopolies because much of their time is spent competing for the same venues of the economy, including grocery shopping and social media.
Separately the nation’s attorneys general have been investigating Google’s business practices. They are considering a lawsuit against the 22-year-old global technology giant. If successful, it would break up Google’s ad technology business
Featured News
Walmart Withdraws and Refiles Antitrust Review Application for Vizio Acquisition
Mar 28, 2024 by
CPI
Apple Prevails in Dismissal of Crypto-Payment Antitrust Lawsuit
Mar 27, 2024 by
CPI
Amazon Fined in Poland for Misleading Customers
Mar 27, 2024 by
CPI
Credit Card Rewards Under Threat as Visa, Mastercard Settlement Impacts Swipe Fees
Mar 27, 2024 by
CPI
UK Fashion Giants Commit to Honest Environmental Claims
Mar 27, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI