Texas and nine other US states are suing Google for abuse of market power

WASHINGTON: Texas, supported by nine other states, submitted legal action against Alphabet Inc ownership Google on Wednesday accused it of violating antitrust laws as it runs its online advertising business.
Texas Attorney General Ken Paxton had joined US Department of JusticeLawsuit against the company in October.
“Google has repeatedly used its monopoly power to control pricing (and collusion in the market to rig auctions in a huge violation of the judiciary,” Paxton said in a Facebook video.
Google “eliminated its competition and crowned itself king of online advertising,” he added.
The Texas lawsuit is the fourth in a series of federal and state lawsuits aimed at curbing the supposedly bad behavior of big tech platforms that went from nothing to titans in the past two decades. The lawsuit was filed in the Eastern District of Texas.
The nine states that Texas joined are Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho.
Alphabet shares added slightly to losses, falling 0.5% on Wednesday afternoon following news of the new lawsuit.

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