Italy’s Moltiply sues Google in €3 billion lawsuit over market dominance

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Italy‘s Moltiply Group said on Friday it was suing Alphabet‘s Google and seeking damages of €2.97 billion ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Trovaprezzi.it.

Its claim argues that Google’s actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement.

The claim was filed at a Milan court, Italian daily Corriere della Sera said…



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Italy’s Moltiply sues Google in €3 billion lawsuit over market dominance


Italy‘s Moltiply Group said on Friday it was suing Alphabet‘s Google and seeking damages of €2.97 billion ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Trovaprezzi.it.

Its claim argues that Google’s actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement.

The claim was filed at a Milan court, Italian daily Corriere della Sera said…



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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