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Alphabet : Attorneys General Launch Probe of Google

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09/09/2019 | 03:44pm EDT

By Brent Kendall

WASHINGTON -- A bipartisan group of attorneys general representing almost every state officially kicked off an antitrust investigation of Alphabet Inc.'s Google on Monday, saying the search giant's dominance raises troubling concerns for businesses and consumers.

About a dozen attorneys general, led by Texas Attorney General Ken Paxton, a Republican, announced the probe in front of the Supreme Court building.

Mr. Paxton said the states for now would focus on Google's practices in the online advertising market. "But the facts will lead where the facts lead," he said.

The states for months had been making plans for the investigation, which were previously reported by The Wall Street Journal.

The investigation is the latest challenge for Big Tech, which is under fire from both federal and state antitrust enforcers as well as from Congress, over concern about whether a handful of giant companies have outsize power and are using it to illegally stifle competition and harm consumers.

The Justice Department is separately scrutinizing Google for possible anticompetitive practices, and more broadly it is examining the actions of a handful of dominant online platforms, including those operated by Facebook Inc. and Amazon.com Inc. The Federal Trade Commission is conducting related enforcement activities.

Write to Brent Kendall at brent.kendall@wsj.com

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Financials (USD)
Sales 2019 162 B
EBIT 2019 35 473 M
Net income 2019 34 186 M
Finance 2019 123 B
Yield 2019 -
P/E ratio 2019 25,4x
P/E ratio 2020 22,3x
EV / Sales2019 4,54x
EV / Sales2020 3,73x
Capitalization 860 B
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Number of Analysts 46
Average target price 1 395,20  $
Last Close Price 1 240,03  $
Spread / Highest target 25,0%
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Spread / Lowest Target -1,21%
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Sergey Mikhaylovich Brin President & Director
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Eric E. Schmidt Director & Technical Advisor
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