WASHINGTON: The US Justice Department filed an antitrust lawsuit against Alphabet's Google on Tuesday , claiming the US$1 trillion company uses its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company.
"Google is now the unchallenged gateway to the internet for billions of users worldwide ... For the sake of American consumers, advertisers, and all companies now reliant on the internet economy, the time has come to stop Google’s anticompetitive conduct and restore competition." Republican Senator Josh Hawley, a vociferous Google critic, accused the company of keeping power through"illegal means" and called the lawsuit"the most important antitrust case in a generation".The Microsoft lawsuit was credited with clearing the way for the explosive growth of the internet since the antitrust scrutiny prevented the company from attempting to thwart competitors.
Shares of Alphabet rose nearly 1 per cent after news the government lawsuit was imminent. There was some doubt in the markets that Washington lawmakers will actually come together and take action, according to Neil Campling, head of tech media and telecom research at Mirabaud Securities in London.
How about some f ing accountability? What the f happened to JUSTICE?
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: TODAYonline - 🏆 1. / 99 Read more »
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Source: The Straits Times - 🏆 8. / 63 Read more »