Google faces £5 billion lawsuit in UK over alleged abuse of search market dominance

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Google is facing a claim for up to £5 billion ($6.6 billion) in potential damages in the United Kingdom, following allegations that the US technology giant exploited its “near-total dominance” of the online search market to inflate prices.

A class action lawsuit, filed on Wednesday in the UK Competition Appeal Tribunal, alleges that Google abused its position by restricting rival search engines, thereby reinforcing its dominant market status and making itself the only realistic option for online search advertising.

The claim is being brought by…



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Google faces £5 billion lawsuit in UK over alleged abuse of search market dominance


Google is facing a claim for up to £5 billion ($6.6 billion) in potential damages in the United Kingdom, following allegations that the US technology giant exploited its “near-total dominance” of the online search market to inflate prices.

A class action lawsuit, filed on Wednesday in the UK Competition Appeal Tribunal, alleges that Google abused its position by restricting rival search engines, thereby reinforcing its dominant market status and making itself the only realistic option for online search advertising.

The claim is being brought by…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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