Google Faces Potential $3.3 Billion Antitrust Lawsuit in Italy

Dow Jones
昨天
 

By Maitane Sardon

 

Italy's price comparison site operator Moltiply Group is suing Alphabet's Google for 2.97 billion euros ($3.33 billion) in damages over what it called anti-competitive behaviour.

The lawsuit, which leans on a key European Commission ruling, alleges that the tech giant abused its market dominance to suppress competition from Trovaprezzi.it, a comparison platform operated by Moltiply subsidiary 7Pixel.

Moltiply said Friday that between 2010 and 2017, the tech giant favored its Google shopping service over rival comparison websites, hindering the growth of 7Pixel.

The lawsuit leans on a key 2017 ruling by the European Court of Justice, which slapped a 2.42 billion-euro fine on Google for similar antitrust concerns. The ruling was upheld by an EU court in 2024 following Google's appeal.

Google said it is reviewing the lawsuit and that the changes it made following the 2017 ruling are working as intended.

"We disagree strongly with these exorbitant private damages claims which disregard this successful and growing industry," a Google spokesperson said.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

May 09, 2025 08:11 ET (12:11 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10