1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Alphabet Inc.
  6. News
  7. Summary
    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Google asks judge to dismiss most of Texas antitrust lawsuit

01/21/2022 | 11:45am EDT
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London

WASHINGTON, Jan 21 (Reuters) - Alphabet Inc's Google asked a federal judge on Friday to dismiss the majority of an antitrust lawsuit filed by Texas and other states that accused the search giant of abusing its dominance of the online advertising market.

Google said in its court filing that the states failed to show that it illegally worked with Facebook, now Meta, to counter "header bidding," a technology that publishers developed to make more money from advertising placed on their websites. Facebook is not a defendant in the lawsuit.

The states had also alleged that Google used at least three programs to manipulate ad auctions to coerce advertisers and publishers into using Google's tools.

Google responded that the states had a "collection of grievances" but no proof of wrongdoing. On some allegations, Google argued the states waited too long to file its lawsuit.

"They criticize Google for not designing its products to better suit its rivals' needs and for making improvements to those products that leave its competitors too far behind. They see the 'solution' to Google’s success as holding Google back," the company said in its filing.

Google asked for four of the six counts to be dismissed with prejudice, which means that it could not be brought back to the same court.

Texas Attorney General Ken Paxton said they would press on with the fight. "The company whose motto was once 'Don't Be Evil' now asks the world to examine their egregious monopoly abuses and see no evil, hear no evil, and speak no evil,” he said in a statement.

The Texas lawsuit had two other claims based on state law and made against Google which were stayed in September. The search giant did not ask for them to be dismissed on Friday but may in the future.

The lawsuit is one part of a long list of antitrust investigations and federal and state litigation against the Big Tech platforms. (Reporting by Diane Bartz; editing by Jonathan Oatis)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.38% 2288.9 Delayed Quote.-20.99%
META PLATFORMS, INC. 0.71% 200.04 Delayed Quote.-40.53%
All news about ALPHABET INC.
04:20pS&P 500 ends lower as Tesla falls, while energy rallies
RE
09:52aU.S. Treasury's Yellen says global tax talks with Poland were "good, frank"
RE
06:30aGoogle Assistant to be available on Samsung's Galaxy Watch4
MT
05:55aLitigation Capital Management Signs Finance Agreement For UK Claim Against Google, Deep..
MT
02:15aAwanbiru Technology Unit Inks Framework Deal With Malaysian Government, Google Cloud Ma..
MT
05/16U.S. Treasury's Yellen to push Poland on global minimum tax implementation
RE
05/13US Stocks Close Higher Friday as FAANG Stocks Lift Markets
MT
05/13US Stocks Close Higher Friday as FAANG Stocks Lift Markets Higher After Volatile Week
MT
05/13US Stocks Close Higher Friday as FAANG Stocks Lift Markets Higher After Volatile Week
MT
05/13Equities Jump Midday as Gains in FAANG Stocks Lift Tech, Communication Services
MT
More news
Analyst Recommendations on ALPHABET INC.
More recommendations
Financials (USD)
Sales 2022 299 B - -
Net income 2022 74 796 M - -
Net cash 2022 141 B - -
P/E ratio 2022 20,3x
Yield 2022 -
Capitalization 1 509 B 1 509 B -
EV / Sales 2022 4,57x
EV / Sales 2023 3,87x
Nbr of Employees 163 906
Free-Float 89,7%
Chart ALPHABET INC.
Duration : Period :
Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Last Close Price 2 288,90 $
Average target price 3 280,15 $
Spread / Average Target 43,3%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ALPHABET INC.-20.99%1 531 299
BAIDU, INC.-21.41%40 408
NAVER CORPORATION-27.74%31 970
Z HOLDINGS CORPORATION-36.63%24 522
YANDEX N.V.-68.69%6 798
LASTMINUTE.COM N.V.-12.72%374