Google disputes Texas' suit claiming unfair advertising sales practices



© Reuters. FILE PHOTO: FILE PHOTO: FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich

NEW YORK (Reuters) – Google said on Sunday that antitrust claims in a Texas lawsuit were “misleading,” responding in a blog post as state attorneys general plan suits against the Alphabet (NASDAQ:) Inc unit.

In December, Texas Attorney General Ken Paxton filed a complaint about Google’s advertising technology business, in one of several suits alleging that Google abused its dominance of the internet search business or otherwise broke antitrust law.

In Sunday’s blog post, Google’s Economic Policy Director Adam Cohen said the company wanted to set the record straight and dispel myths about its open bidding process for advertising.

“AG Paxton tries to paint Google’s involvement in this industry as nefarious,” Cohen wrote. “The opposite is true. Unlike some B2B companies in this space, a consumer internet company like Google has an incentive to maintain a positive user experience and a sustainable internet that works for all—consumers, advertisers and publishers.”

The post argues that Google’s rates are fair, the marketplace is open and does not favor a single partner, such as Facebook (NASDAQ:).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

READ  As Wall Street reels, veterans recall '87 while the young look to textbooks

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here