logo
Plus   Neg
Share
Email

Google Faces Antitrust Probe By 50 Attorneys General

google sept10 lt

Texas Attorney General Ken Paxton Monday announced that the state is leading 50 attorneys general in an investigation of tech giant Google's business practices in accordance with state and federal antitrust laws.

The probe includes attorneys general from 48 states, the District of Columbia and Puerto Rico. California and Alabama are not involved in the probe, Paxton said.

The probe will investigate Google's overarching control of online advertising markets and search traffic that may have led to anticompetitive behavior that harms consumers.

Legal experts from each state will work in cooperation with Federal authorities to assess competitive conditions for online services and ensure that Americans have access to free digital markets.

"There is nothing wrong with a business becoming the biggest game in town if it does so through free market competition, but we have seen evidence that Google's business practices may have undermined consumer choice, stifled innovation, violated users' privacy, and put Google in control of the flow and dissemination of online information. We intend to closely follow the facts we discover in this case and proceed as necessary," Paxton said.

Meanwhile, an antitrust probe into Facebook was announced on Friday by New York Attorney General Letitia James, who will lead the case. Attorneys general from seven states plus the District of Columbia are participating in the Facebook investigation.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said it is allocating more than $400 million for affordable housing projects in California this year. The latest funding is part of its earlier announced $2.5 billion multi year commitment to meet housing crisis in the most populous state in the United States. The money will be used towards affordable housing projects and homeowner assistance programs in the company's home state. US investment bank JPMorgan Chase & Co. reported Tuesday a profit for the second quarter that plunged 51 percent from last year, driven by significantly higher provision for credit losses for reserve builds. Both earnings per share and revenues for the quarter topped analysts' expectations. Google CEO Sundar Pichai announced Monday a $10 billion Google for India Digitization Fund to help accelerate India's digital economy. The investment is planned over the next five to seven years through equity investments, partnerships, and operational, infrastructure and ecosystem investments.
Follow RTT