Big Tech - Garner Ted Armstrong Evangelistic Association

Google has an illegal monopoly on search, US judge finds

David Shepardson and Mike Scarcella | Reuters — Mon, 05 Aug 2024 21:47:08 +0000

WASHINGTON, Aug 5 (Reuters) – Alphabet’s (GOOGL.O), opens new tab Google broke the law with monopolistic behavior over online search and related advertising, a federal judge ruled on Monday, the first victory for U.S. antitrust authorities who have filed several lawsuits challenging Big Tech’s market dominance.

The decision is a significant win for the Justice Department, which had sued the search engine giant over its control of about 90% of the online search market, and 95% on smartphones.

“The court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly,” U.S. District Judge Amit Mehta wrote.

His ruling paves the way for a second trial to determine potential fixes, such as breaking up the company or requiring the company to stop paying smartphone makers billions of dollars annually to set Google as the default search engine on new phones.

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Source: https://www.reuters.com/legal/us-judge-rules-google-broke-antitrust-law-search-case-2024-08-05/

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‘Trusted News Initiative’ Antitrust Litigation

Children's Health Defense — Thu, 19 Jan 2023 22:36:45 +0000

CHD has filed a first-in-the-country antitrust lawsuit against members of the “Trusted News Initiative” (“TNI”) for collusively censoring online news.

The TNI is a self-proclaimed “industry partnership” formed around 2020, joining together some of the world’s largest legacy news organizations, such as The Washington Post, the Associated Press, Reuters, and its founder, the British Broadcasting Corporation (BBC) with all the biggest Big Tech platforms including Facebook, Google, Twitter, Microsoft. The TNI exists to, in its own words, “choke off” and “stamp out” online news reporting that the TNI or any of its members peremptorily deems “misinformation.” TNI members have targeted and suppressed completely accurate online reporting by non-mainstream news publishers concerning both COVID-19 (on matters including treatments, immunity, lab leak, vax injury, and lockdowns/mandates) and U.S. elections (such as the Hunter Biden laptop story).

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Source: https://childrenshealthdefense.org/legal_justice/trusted-news-initiative-antitrust-litigation/

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The post ‘Trusted News Initiative’ Antitrust Litigation first appeared on Garner Ted Armstrong Evangelistic Association.

Elon Musk Buys Twitter as Big Tech Loses Nearly $1 Trillion in a Week

FATMA KHALED | Newsweek — Fri, 28 Oct 2022 21:00:38 +0000

Elon Musk’s Twitter purchase deal that was sealed Friday has been welcomed by many, though big U.S. tech companies lost nearly $1 trillion this week amid pressures on the market.

This figure is the total combined value of Big Tech that has been wiped off this week amid stock market losses as tech companies reported poor earnings, according to a briefing by TradingView, a social network of traders and investors.

The stock market losses come after Amazon reported slow revenue growth on Thursday for its fourth quarter of the year. The e-commerce giant missed analysts’ estimates as it estimated that revenue in the period would likely be as much as $15 billion below the $155 billion forecasted, the Financial Times reported.

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Source: https://www.newsweek.com/elon-musk-buys-twitter-big-tech-loses-trillion-one-week-1755507

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The post Elon Musk Buys Twitter as Big Tech Loses Nearly $1 Trillion in a Week first appeared on Garner Ted Armstrong Evangelistic Association.