(Bloomberg) — It reads like a grand conspiracy of the nerds. On Wednesday, Texas Attorney General Ken Paxton filed an antitrust lawsuit against Alphabet Inc.’s Google. At its center is a bold claim: Google colluded with archrival Facebook Inc. in an illegal deal to manipulate auctions for online advertising, an […]
monopoly
Google ad costs, not its alleged monopoly, irks businesses
NEW YORK (AP) — When asked about Google, Bryan Clayton voices a familiar lament among small business owners. “You keep getting squeezed further and further down the search results page,” says Clayton, CEO of GreenPal, a company that operates an app to help homeowners find lawn care. “As a startup, […]
Mark Zuckerberg on why Facebook is actually ‘behind’ its competition despite monopoly critique
Facebook (FB) CEO Mark Zuckerberg didn’t waste any time on Wednesday explaining to lawmakers why he believes the company is not an illegal monopoly, during what was billed as a Congressional hearing to probe antitrust concerns. However, the questioning veered far off course into a hodgepodge of issues that included […]
Congress grills tech CEOs in wide-ranging hearing on monopoly, political bias, China and more
The chiefs of four of the biggest tech companies in the world — Amazon, Apple, Facebook and Google — faced lawmakers Wednesday for a hearing on digital competition that could have cataclysmic impact on an industry largely unhindered by regulators. The grilling of tech titans Jeff Bezos, Tim Cook, Mark […]