Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google is removing thousands of negative reviews left on the Robinhood trading app at its Play Store, .
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Facebook Inc (NASDAQ: FB) and Google-parent
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) formed an agreement to work together in preparation for any potential probe that looked into their advertising deal, several U.S. states have reportedly alleged in a lawsuit.
What Happened: An unredacted draft version of the lawsuit filed by 10 states against Google contains the mention of the cooperation among the two tech giants, the Wall Street Journal reported Tuesday.
Some of the provisions contained in the deal of the two companies state that the two tech firms will “cooperate and assist each other in responding to any Antitrust Action” and “promptly and fully inform the Other Party of any Governmental Communication Related to the Agreement,” as per the Journal.
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Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google stands accused of colluding with rival
Facebook Inc (NASDAQ: FB) in a lawsuit filed by ten states for rigging ad auctions, the Wall Street Journal reported Wednesday.
What Happened: The lawsuit filed in the United States District Court in Texas and accuses the Sundar Pichai-led tech giant of giving Facebook special treatment in the ad-auctions it runs in exchange for curbing its competitive moves, according to the Journal.
Texas Attorney General Ken Paxton called Google a trillion-dollar monopoly that “brazenly” abuses its “monopolistic power.”
A Google spokesperson said the Mountain View, California company would strongly defend itself from Paxton’s “baseless claims” in court.
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Tech giants face fines in millions of pounds in the United Kingdom if they do not comply with the new online safety legislation under consideration, the Financial Times reported Monday.
What Happened: The U.K. government revealed the scope of online safety legislation which establishes a new “duty of care” requirements for the likes of
Facebook Inc (NASDAQ: FB),
Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), and
Twitter Inc. (NYSE: TWTR), according to FT.
The laws will reportedly mandate the removal and curbing of illegal content such as that related to sexual abuse of children and terrorism.
The proposals have sprung up after 18 months of consultation, according to the FT, which reported that the U.K.’s media regulator could enforce penalties to the tune of $24 million (GBP 18 million), or 10% of annual global turnover, whichever is higher for violations.