Tech giant Google just received some bad news. A high-profile Texas lawsuit is making waves and Google should be very concerned. This is huge.
“We think we’ve absolutely got a case that will win,” said Texas Attorney General Ken Paxton earlier this week. Texas has filed an “antitrust lawsuit against Google alleging abusive monopolistic practices in the digital advertising business.”
Already, Congress has started to make moves on the issue. This means pressure from states and Congress on Google to reform their practices will be immense, and the tech giant has serious decisions to make.
Ultimately, the goal is to keep the market open to competition by “preventing Google and other tech companies from colluding to keep out competitors,” reported Breitbart News.
Earlier this month, for example, Sen. Josh Hawley (R-MO) filed an amendment “to Congress’s proposed budget resolution that would move to prohibit mergers and acquisitions by certain Big Tech companies.”
Hawley’s action and statements from other Republican lawmakers indicate that there will be bipartisan support for reining in Big Tech on antitrust issues. But Texas’ lawsuit could make a huge impact before Congress can even come to a consensus.
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