🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Exclusive: U.S. states plan Google antitrust meeting next month in Colorado - sources

Published 10/22/2019, 10:05 PM
© Reuters. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai
GOOGL
-
META
-
GOOG
-

WASHINGTON (Reuters) - U.S. state attorneys general probing Alphabet's Google (NASDAQ:GOOGL) plan to meet next month in Colorado to discuss a probe into whether the search giant's business practices break antitrust law, according to three sources knowledgeable about the meeting.

The meeting, which is being planned for Nov. 11, would be similar to a gathering this week in New York where state and federal enforcers from the Justice Department and Federal Trade Commission discussed their probe of Facebook (NASDAQ:FB), according to one of the sources.

A second source said that this meeting would touch on organizational issues and was likely to be one in a long series of gatherings to discuss the probe.

The investigation of Google appears to be well underway since Texas sent the search and advertising giant a subpoena asking for information about its ad business. As of earlier this month, Google began sending data to the attorneys general.

The investigation, which involves all state attorneys general except Alabama and California, seeks to dig into the opaque business of online digital advertising, where Google is a dominant player. Attorneys general for the District of Columbia, Guam and Puerto Rico are also part of the investigation.

Google, which had no comment for this story, offers free searches, email and other services but much of its revenue is from advertising.

Google has previously said that it was cooperating with federal regulators and with the state probe.

© Reuters. FILE PHOTO: A Google sign is seen during the WAIC (World Artificial Intelligence Conference) in Shanghai

Google faces two other major inquiries - a U.S. Justice Department investigation and a probe by the House of Representatives Judiciary Committee - both of which have broad reviews of the big internet companies underway.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.