Google asks judge to dismiss most of Texas antitrust lawsuit [Reuters]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Reuters
WASHINGTON (Reuters) -Alphabet Inc's Google asked a federal judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market. Google said in its court filing that the states failed to show that it illegally worked with Facebook, now Meta, to counter “header bidding,” a technology that publishers developed to make more money from advertising placed on their websites. Facebook is not a defendant in the lawsuit. The states had also alleged that Google used at least three programs to manipulate ad auctions to coerce advertisers and publishers into using Google's tools. Google responded that the states had a “collection of grievances” but no proof of wrongdoing. On some allegations, Google argued the states waited too long to file its lawsuit. “They criticize Google for not designing its products to better suit its rivals' needs and for making improvements to thos
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GOOG
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- 4/25/24 - Beat
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- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website