NASDAQ stock Alphabet shares in red pre-market: trial begins in the US government’s antitrust lawsuit against Google

One of the most important competitive processes in the USA in years is scheduled to begin on Tuesday (3:30 p.m.) in Washington.

Lawsuits brought by the US government and dozens of states against Google are being negotiated. This is about the accusation that the Internet company is unfairly hindering competitors. Google denies the allegations.

Still under Donald Trump As president, the US Department of Justice and eleven states initially filed a competition lawsuit against Google in 2020. A second lawsuit by 38 other states followed two months later. The two lawsuits were consolidated into one case. The government of Trump’s successor Joe Biden continued the process.

Google will have to face fewer allegations in the process than stipulated in the original lawsuits. Among other things, judge Amit Mehta ruled out the allegation that the company had harmed specialized providers such as Expedia or OpenTable through its behavior. He also did not allow allegations in connection with the rules for device manufacturers when using the Android mobile operating system developed by Google.

On the other hand, the accusation that Google’s agreements with browser developers such as Apple (Safari) and Mozilla (Firefox) harmed competition. In its lawsuit, the Justice Department challenges the practice of setting Google’s search engine as the default. Mozilla and Apple receive money from Google for this.

Alphabet shares, listed on the NASDAQ, lost 0.28 percent to $137.36 premarket.

/so/DP/nas

WASHINGTON (dpa-AFX)

Selected leverage products on Alphabet C (ex Google)

With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Alphabet C (ex Google)

ttn-28