Alphabet's Google will face U.S. antitrust prosecutors on Monday in Alexandria, Virginia, where the Justice Department will seek to show the company stifled ...
- Alphabet's Google will face U.S. antitrust prosecutors on Monday in Alexandria, Virginia, where the Justice Department will seek to show the company stifled competition in online advertising technology, in the search giant's second recent showdown with the Justice Department .
Prosecutors say Google engaged in a complex scheme to dominate website advertising tools, through acquisitions, restrictions on how customers can use its tools and alleged manipulation of ad auctions. According to research by stock analyst Wedbush, Google's ad tech tools accounted for $20 billion, or 11% of the company's gross revenue in 2020 and around $1 billion, or 2.6%, of operating profit that year.
Week 2 brought some surprising results. And it is easy to overreact. That's why we're here to make sense of things and identify the five biggest ones.
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