On Thursday, around 10 states brought a lawsuit against Google, accusing the search giants of “anti-competitive conduct” in the field of online advertising. They have included a deal to manipulate the sales with their rival Facebook. Texas Attorney General Ken Paxton has announced that a suit has already been filled in the federal courts of Texas stating that Google is using the monopolistic power for controlling down the pricing of the online advertising, fixing the market as well as eliminating the competition. Hence, this is one of the most going through news of this week.
Probing further, the Goliath of the company is using the power for manipulating the market, destroying the competition, and harm you, the consumer, Paxton said all this through a video. Google, which is based in Mountain View, California, says that all the claims of Paxton are meritless because the price of online advertising has fallen down inside of manipulation.
These are hallmarks of some of the highly competitive industry, the company said this through a statement and also said that we are strongly going to defend ourselves from these wrong and baseless claims of Paxton. Paxton led a bipartisan coalition of 50 U.S. states and territories that announced that Google business in 2019 was investigating business practices, citing down potential monopolistic behavior.
However, the complaint filed targets that the heart of Google’s business- digital ads are something that generates nearly all of its revenue as well as the money there in the cooperative parent, Alphabet Inc. Hence, this depends upon to help to finance a range of far-flung technological projects.