DOJ SUES GOOGLE

The US Dept of Justice has sued Google over its market domination. The Justice Department said, “As one of the wealthiest companies on the planet with a market value of $1 trillion, Google is the monopoly gatekeeper to the internet for billions of users and countless advertisers worldwide.”

The action is based on the Sherman Act, created in 1890 to prevent industrial manufacturers, by themselves or in conspiracy with other companies, from driving up prices and blocking competition.

Google owes the studio some $50 for advertising which has been unpaid for close to 15 years. To this day no Google ads here.

In the United States, anger against the power of companies that have grown rich by taking an enormous share of advertising, media and retail dollars are increasingly seen as a battle between David and Goliath. And even before this week’s DOJ lawsuit, that anger seemed to be coming to a head.

Recent congressional hearing have also been noted to be critical of Facebook and other corporate goliaths. Hearing are considering the breaking up of some large monopoly businesses. Pressure on Facebook to divest of Instagram has been growing.