Sunday, June 09, 2019

WSJ: Justice Department prepping antitrust probe of Google


The Justice Department is prepping for an antitrust probe of Google, The Wall Street Journal reported, citing people familiar with the investigation. The nature of the investigation is unclear, USA Today reports.
The Wall Street Journal report cited sources who said critics outside of Google have communicated with the Justice Department on the issue.
Shares of parent company Alphabet fell 6.7 percent on June 3, after the media reports of the probe.
In 2011, the Federal Trade Commission sued Google over allegations concerning use of cookies. Google agreed to pay a fine of $22.5 million settling that case.
In 2017, the European Commission fined Google for what the EC alleged was “abusing dominance as search engine by giving illegal advantage to 9 (its) own comparison shopping service.”
This year the EC hit Google with a penalty for what the EC called “abusive practices in online advertising.”

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