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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN

AMAZON.COM, INC.

(AMZN)
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Delayed Quote. Delayed Nasdaq - 01/22 04:00:00 pm
3292.23 USD   -0.45%
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Google presses for quicker release of documents in lawsuit

11/18/2020 | 01:29pm EST
FILE PHOTO: A Google sign is pictured on a Google building

WASHINGTON (Reuters) - A lawyer representing Alphabet Inc's Google in the search and advertising giant's legal fight with the government pressed on Wednesday for a faster release of documents used to write the complaint against the company.

"We need to get access to that material. We need to know more about the contours of that material," said Google attorney John Schmidtlein in a status conference held by phone.

Judge Amit Mehta of the U.S. District Court for the District of Columbia is hearing the case in which the Justice Department accused the $1 trillion company in October of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.

Mehta, who indicated he would not be surprised if a trial lasted for months, asked the Justice Department's attorney if Google could quickly be given a list of companies that gave information to the government, how much information each gave and copies of any document requests.

The Justice Department's Kenneth Dintzer made no promises but added that what Google asked for "is not unreasonable."

Judge Mehta noted that Google would soon receive a list of 100 potential witnesses. "It seems like you're going to have a pretty good window into the government's case," he said.

Microsoft Corp, Amazon.com Inc and others which assisted the government are to tell the court on Friday how they want their information treated.

Dintzer also noted that seven states investigating Google said in October that if they opt to sue, they would want to consolidate their case with the government's. Dintzer said that statement remained relevant.

Google is expected to file an answer to the government's complaint before Dec. 21.

(Reporting by Diane Bartz; Editing by David Gregorio)

By Diane Bartz


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.45% 1892.56 Delayed Quote.7.98%
AMAZON.COM, INC. -0.45% 3292.23 Delayed Quote.1.08%
MICROSOFT CORPORATION 0.44% 225.95 Delayed Quote.1.15%
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Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 146 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 94,6x
Yield 2020 -
Capitalization 1 652 B 1 652 B -
EV / Sales 2020 4,23x
EV / Sales 2021 3,53x
Nbr of Employees 798 000
Free-Float 81,7%
Chart AMAZON.COM, INC.
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Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Average target price 3 840,89 $
Last Close Price 3 292,23 $
Spread / Highest target 36,7%
Spread / Average Target 16,7%
Spread / Lowest Target 6,31%
EPS Revisions
Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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