Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet Inc.    GOOGL


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Alphabet : U.S. states prepare second antitrust lawsuit against Google for December

11/23/2020 | 06:55pm EST
FILE PHOTO: Google extends work-from-home order to summer 2021

WASHINGTON (Reuters) - A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely anticipated lawsuit from a different group of states led by Texas.

The pending legal actions follow an antitrust lawsuit filed by the U.S. Justice Department against Alphabet's Google in October.

The bipartisan group -- made up of Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah -- is sometimes referred to as the Colorado/Nebraska group and has said it planned to combine its case with the federal government's.

Google has broadly denied wrongdoing in response to the government's lawsuit and other probes, and the company said that its search engine and other products are dominant because consumers prefer them.

Two people briefed on the matter said the Colorado/Nebraska group planned to file their lawsuit around mid-December, with one of the people saying a filing was expected in federal district court.

Texas led a group of attorneys general from 50 states and territories which announced a probe of Google in September 2019. Fast forward a year, and Texas is leading a group focused on online advertising technology while the Colorado/Nebraska group has a broader probe under way.

The Texas effort may be slowed by turmoil in the state attorney general's office.

One source pointed to disruptions after recent media reports said the FBI was investigating accusations that Attorney General Ken Paxton abused his office to help a political donor. Several of Paxton's aides, who had become whistleblowers, resigned or were fired, including people who were key to the Google investigation.

Texas has been aiming to find replacements, and it has promoted Shawn Cowles to be the deputy attorney general for civil litigation. But the turnover has led to delays.

The Texas attorney general's office could not be reached for comment.

The Colorado/Nebraska group states' broader inquiry contrasts with the Justice Department's relatively narrow lawsuit, which focused on Google's efforts to build and retain its dominance in search and its search advertising business.

(Reporting by Diane Bartz and Paresh Dave; Editing by Aurora Ellis and Cynthia Osterman)

By Diane Bartz and Paresh Dave

© Reuters 2020
All news about ALPHABET INC.
01/22Communications Services Climb As Momentum Builds In Sector -- Communications ..
01/22Dow, S&P close lower as IBM, Intel weigh, coronavirus concerns rise
01/22ALPHABET : Google Closes Loon, Its Plan to Use Balloons for Web Access -- Update
01/22Reliance beats profit estimates as cost controls blunt oil hit
01/22ALPHABET : Google Parent Ends Project That Provided Internet From Balloons
01/22SUNDAR PICHAI : Alphabet's Pichai to hold video call with EU antitrust chief Jan..
01/22GLOBAL MARKETS LIVE: Honor, Google, Samsung…
01/22APPLE : Developer complains to EU over Apple, Google app rules after COVID game ..
01/22MARKET CHATTER : Amazon Raises Spanish User Fees in Response to Digital Tax
01/22ALPHABET : Credit Suisse Adjusts Alphabet's Price Target to $2,000 from $1,950, ..
More news
Financials (USD)
Sales 2020 179 B - -
Net income 2020 35 906 M - -
Net cash 2020 118 B - -
P/E ratio 2020 36,7x
Yield 2020 -
Capitalization 1 283 B 1 283 B -
EV / Sales 2020 6,52x
EV / Sales 2021 5,32x
Nbr of Employees 132 121
Free-Float 90,3%
Duration : Period :
Alphabet Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 46
Average target price 1 947,17 $
Last Close Price 1 892,56 $
Spread / Highest target 18,9%
Spread / Average Target 2,89%
Spread / Lowest Target -34,6%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
Sector and Competitors
1st jan.Capitalization (M$)
ALPHABET INC.7.98%1 282 978
BAIDU, INC.16.88%86 207
YANDEX-4.51%23 412
SOGOU INC.4.29%3 295