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Texas and nine other U.S. states sue Google for abusing market power

Texas, backed by nine other states, filed a lawsuit in opposition to Alphabet-owned Google on Wednesday, accusing it of breaking antitrust legislation in the way it runs its internet advertising enterprise.

Texas Attorney General Ken Paxton had joined the U.S. Justice Department’s lawsuit in opposition to the corporate in October.

“Google repeatedly used its monopolistic power to control pricing (and) engage in market collusions to rig auctions in a tremendous violation of justice,” Paxton stated in a Facebook video.

Google “eliminated its competition and crowned itself the king of online advertising,” he added.

The Texas lawsuit is the fourth in a sequence of federal and state lawsuits geared toward reining in what’s alleged to be unhealthy habits by the massive tech platforms which have grown from nothing to titans up to now twenty years. The lawsuit was filed within the Eastern District of Texas.

The nine states that joined Texas are Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho.

Alphabet shares added barely to losses to commerce down 0.5 % on Wednesday afternoon after information of the brand new lawsuit.

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