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Why the U.S. government is investigating Google
  + stars: | 2024-10-10 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com   time to read: +3 min
Google, the online search and digital ad goliath, is the first U.S. tech giant to land in federal court fighting antitrust concerns in decades. Google controls an estimated 88% of the market for general search online, according to the August opinion from Judge Mehta. And late in 2023, a jury delivered a guilty verdict against Google in a trial about business practices related to the Google Play app store. In September 2024, Epic filed an additional antitrust lawsuit against Google and Samsung, alleging that the company continued to use its monopoly power to unfairly harm competition. Watch the video above to see why the U.S. government is investigating Google.
Persons: Amit Mehta, Judge Mehta, Bing, Lee Hepner, Nikolas Guggenberger, Gene Munster Organizations: Google, U.S, District of Columbia, Justice Department, American Economic Liberties, Epic Games, Samsung, University of, Deepwater Asset Management, CNBC Locations: U.S
Under the long-standing law, companies can face ruinous penalties for price discrimination only if they're discriminating against other businesses. Tyler Le/BII say low-grade shock because at the time personalized pricing discrimination was far less widespread and harmful than it is today. And many of those that don't disclose using personalized pricing still do it. AI pricing also means that those who are the most desperate and most vulnerable will often pay the most. So much of AI pricing acts as a regressive tax, charging those with the most the least.
Persons: I'm, I'd, Robinson, Tyler Le, Price, Uber, might've, it's, you've, Tinder, Nikolas Guggenberger, Guggenberger Organizations: American Prospect, Walmart, Smart, Mozilla, Consumers International, University of Houston Law Center, Zephyr Locations: London, United States
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