U.S. targets Google’s online ad business monopoly in latest Big Tech lawsuit
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Photo caption: A logo of Google is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. Photo credit: Reuters / Benoit Tessier. Article by Diane Bartz and David Shepardson. Reuters – January 24, 2023.
WASHINGTON, Jan 24 (Reuters) – The U.S. Justice Department accused Alphabet Inc’s (GOOGL.O) Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most successful internet companies. The government said Google should be forced to sell its ad manager suite, tackling a business that generated about 12 percent of Google’s revenues in 2021, but also plays a vital role in the search engine and cloud company’s overall sales. […]