Alphabet's Google illegally dominates two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its advertising products.
CNBC's Deirdre Bosa reports on the latest news regarding Google.
Now, Google's search and advertising businesses both face uncertain futures.
Alphabet's (GOOGL) Google has illegally held monopolies in the online advertising industry, a U.S. District Court judge ruled Thursday.
Alphabet Inc (NASDAQ:GOOG) shares fell 1.5% on Thursday after a US federal judge ruled that Google unlawfully maintained monopoly power in its digital advertising business. The ruling by Judge Leonie Brinkema found that Google violated antitrust laws by tying together its ad server and ad exchange technologies, enabling it to dominate the $31 billion market for matching advertisers with website publishers.
A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology market in a blow that could rattle the tech giant's revenue engine.
A federal judge rules Google illegally monopolized some online advertising tech markets. This was a partial ruling.
Google operates illegal monopolies over two separate markets related to digital advertising technology, a federal judge ruled on Thursday.
Google has been dealt another major blow by a federal judge. US District Judge Leonie Brinkema of Virginia ruled on Thursday that Google holds an illegal monopoly in advertising technology.
The tech giant faces multiple legal threats related to how it wields market power.
Alphabet (GOOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Alphabet (GOOGL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.