The Department of Justice and nine states are taking Google to court over the tech giant's advertising operation. See potential bias and similarities in coverage from nypost, CNBC, and AP:
The Department of Justice and eight states filed a lawsuit against Google on Tuesday, accusing the tech giant of monopolistic practices in its digital advertising business.Google’s digital advertising exchange accounted for 29% of the digital ad market in 2022, according to the Associated Press.
The cut Google takes for managing ad exchanges, which AP lists as “30% to 50%,” accounts for around 80% of the company’s annual revenue, with ad sales expected to generate $73.8 billion this year for Google, according to the New York Post. Attorney General Merrick Garland said, “monopolies threaten the free and fair markets upon which our economy is based. They stifle innovation, they hurt producers and workers, and they increase costs for consumers.
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