Friday 31st of March 2023

Follow Us

Breaking News

US sues Google to break up tech giant's ad unit

 WASHINGTON: The US Department of Justice and eight states filed a lawsuit against Google on Tuesday over alleged anti-competitive business practices. The lawsuit seeks to break Google's alleged monopoly over the entire system of online advertising and alleges that it harms advertisers, consumers and even the US government.

The government alleged in the complaint that Google wanted to 'neutralize or eliminate' competitors in the online advertising market through the acquisition. Google's anti-competitive practices make it difficult for advertisers to use other competitors' offerings.

It is believed that there is now an exercise to rein in big tech companies in America. Attorney General Merrick Garland said at a news conference Tuesday that monopolies harm the free and fair markets on which our economy is based.  They hurt producers and workers, and they raise costs for consumers.''



 Alphabet Inc., Google's parent company, said in a statement that the lawsuit would slow innovation, raise advertising fees and hurt the growth of thousands of small businesses and publishers. Currently, digital advertising accounts for 80 percent of Google's revenue.

The Competition Commission of India had also fined Google Rs 1,337 crore for abusing its dominance in the mobile phone ecosystem through Android. Google had approached NCLAT for interim relief against this order. NCLT rejected the appeal. After this, Google approached the Supreme Court. However, even there he did not get relief. A bench headed by Suprik Chief Justice DY Chandrachud gave Google a week's time to deposit 10 per cent of the Rs 1,337 crore penalty as per the CCI order.

Related World News

Trump indicted in hush-money payment case by NY grand jury

 WASHINGTON:Former U.S. President Donald Trump was indicted on Thursday for his role in an alleged hush-money payment to an adult film actress. A statement from Trump lawyers Joe Tacopina and Susan Necheles confirmed that the former president was indicted. "He did not commit any crime. We ....

Blinken condemns detention of U.S. journalist in Russia

WASHINGTON : U.S. Secretary of State Antony Blinken on Thursday condemned the detention of Wall Street Journal correspondent Evan Gershkovich in Russia and again called on all U.S. citizens to leave Russia.   "We are deeply concerned over Russia's widely-reported detention of a U.S. citize....

Ferry fire in Philippines leaves 31 dead, at least 7 missing

Manila, Mar 31:-- A ferry carrying about 250 passengers and crew caught fire in the southern Philippines and 31 people drowned or died in the blaze and were discovered later.   A  provincial Governor Jim Hataman of the southern island of Basilan said that many of those rescued had jumped o....

US pick to head World Bank Ajay Banga appears almost certain to become next president of international institution

Washinghton, Mar 31:-- Ajay Banga, the US pick to head the World Bank, appears almost certain to become the next president of the international institution as nominations closed yesterday. While no countries besides the US have announced candidates, World Bank rules allow member nations to make nomi....

China warns Taiwan’s president retaliation if she meets US House speaker during visit

 (FMNews):- Taiwan's President Tsai Ing-wen, who arrived on a ten-day visit to America, has been warmly welcomed. On the other hand,how ever,angered by this visit, China has warned the President of Taiwan not to meet the American House Speaker. Taiwan's President Tsai Ing-wen has started a ten-....

Editor :
Jagadananda Pradhan
Email :
For Ads :
Ph : (+91)6764295999
Contact Us
© 2023 Fast Mail Media Pvt Ltd. All Rights Reserved.
Powered by : FM Media Pvt Ltd.
Developed by : Futuradept Tech