Google parent Alphabet (GOOGL) is slated to report first-quarter results after the market closes Thursday, with analysts largely bullish on the tech giant's ability to weather economic uncertainty.
In another major legal blow to Google, a federal judge has ruled that the search giant held an illegal monopoly over some advertising technology, a ruling that could reshape the online advertising business.
In 2020, the Justice Department sued Google, a subsidiary of Alphabet (GOOGL -1.44%) (GOOG -1.44%), accusing the company of operating an illegal monopoly in online search. In 2023, the Justice Department filed another lawsuit, accusing the company of operating an illegal monopoly in adtech software.
Google reportedly said Friday (April 18) that it will appeal a judge's ruling announced Thursday (April 17) that the company holds an illegal monopoly on online advertising technology.
Google's antitrust case related to its search business could become a bigger risk to the internet advertising giant.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Alphabet (GOOGL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
The two titans of digital advertising are facing unprecedented legal threats over tactics they used to reach dominance.
In a Thursday interview with CNBC's Jim Cramer, former chief at the Department of Justice's antitrust division Jonathan Kanter unpacked Google's latest loss in court. He described how the advertising landscape might start to change following the decision.
Alphabet (GOOGL -1.44%) (GOOG -1.44%) stock ended Thursday's trading session in the red. The company's share price fell 1.4% in a day of trading that saw the S&P 500 (^GSPC 0.13%) rise 0.1% and the Nasdaq Composite (^IXIC -0.13%) fall 0.1%.
On Thursday, a federal judge ruled Google held illegal monopolies in online advertising markets due to its position between ad buyers and sellers. The ruling followed a September trial in Alexandria, Virginia, and represents a second major antitrust blow for Google in under a year.
A U.S. judge's ruling that Google has illegal monopolies in ad technology sets up the possibility of U.S. prosecutors seeking a breakup. Here's what the case involves and what Google owner Alphabet faces from here.
A federal judge has ruled that Google holds an illegal monopoly on online advertising technology. As The New York Times reported Thursday (April 17), Judge Leonie Brinkema found Google had violated the law to establish its dominance in the online advertising system.