Justice Department Files Antitrust Suit Against Google
The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google this morning, and the DOJ is holding a briefing to detail the charges. The case alleges that the company has used anticompetitive practices to maintain its stranglehold on search dominance and digital advertising.
The DOJ claims that Google used a network of exclusionary tactics and competition-stifling contracts to keep rivals from gaining a foothold. The case also charges that by paying billions of dollars to a growing list of phone carriers, manufacturers, and third-party browsers including Apple's (NASDAQ: AAPL) Safari, Google retains its status as the default search provider, thereby stifling competition.
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Source Fool.com
