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Stock impact report

The Atlantic, Penske, and Vox Media have all sued Google for antitrust violations [Verge, The]

PubMatic, Inc. - Class A (PUBM) 
Company Research Source: Verge, The
Lawsuits seeking damages from Google's illegal ad tech monopoly are piling up following the Justice Department's successful antitrust case . Vox Media, The Verge's parent company, is the latest in a wave of media companies that have filed suit against Google, seeking to be reimbursed for the monopoly profits the tech company allegedly made at publishers' expense. “Absent Google's conduct, Vox Media would be able to make available even more, higher quality impressions for purchase on Vox Media's webpages and create more high-quality, premium journalism,” Vox Media alleges in its lawsuit, filed Wednesday in the Southern District of New York. The Atlantic, which is owned by Laurene Powell Jobs, filed a similar lawsuit in the same district this week, as did Penske Media, which is an investor in Vox Media and owns brands including Rolling Stone, Billboard, and The Hollywood Reporter . Google is also facing lawsuits from ad tech providers like PubMatic and OpenX, some of which testified Show less Read more
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