PanaTimes

Sunday, Mar 26, 2023

Google facing $2 billion anti-competitive lawsuit

Google facing $2 billion anti-competitive lawsuit

Google is accused of manipulating search results to favor its own service
PriceRunner, a Swedish price comparison site, has filed a $2.4 billion lawsuit against Google, claiming the search engine manipulates search results to benefit its own commercial services.

In the lawsuit, filed on Monday, the Swedish company claims the tech giant has caused damage over “many years” and claimed the massive suit acts as “a fight for consumers who have suffered tremendously from Google’s infringement of the competition law for the past fourteen years and still today.”

“This is also a matter of survival for many European entrepreneurial companies and job opportunities within tech,” PriceRunner CEO Mikael Lindahl said about the lawsuit. The company, which covers thousands of stores in 25 different countries, is seeking revenue they claim has been lost in the UK since 2008 and in Denmark and Sweden since 2013.

Google’s business practices had already been under investigation by European regulators, with the European Commission ruling in 2017 that they had given preference to Google Shopping compared to others in their search results, violating antitrust laws. Google was ordered to pay 2.4 billion euros ($2.8 billion) as a result of the case – a result they have been fighting. The European Union’s General Court upheld the ruling in November, but Google has continued to appeal the decision.

Google claims they have made changes since the ruling that have worked “successfully.”

Frederic Abrard, program director for Google Shopping Ads, said in a Monday statement that PriceRunner may not be seeing the same “growth” as other companies since the changes as it “chose not to use Shopping ads on Google.”

Google also said on Monday that, since the 2017 ruling, their system is “subject to intensive monitoring by the EU Commission and two sets of outside experts.”
Newsletter

Related Articles

PanaTimes
Close
0:00
0:00
Singapore’s Prime Minister says China and US need to stabilize relations because world can't afford a confict between the two superpowers
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Bordeaux town hall set on fire in France pro democracy protest
Police violence in Paris
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Drew Barrymore
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
Kamala Harris: "The United States has formally determined that Russia has committed crimes against humanity."
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
×