Daily Mail owner files antitrust suit against Google in US

→ Biden replacement revealed? (From Paradigm Press) (Ad)

In this Oct. 20, 2015 file photo is signage outside Google headquarters in Mountain View, Calif. The owner of the Daily Mail website is suing Google, saying the tech company’s dominance in online advertising has harmed its business. The suit, filed Monday, April 19, 2021, in federal court in New York, says Google publishes publishers’ search results if they don’t sell enough ad space through Google. (AP Photo/Marcio Jose Sanchez, File)

The owner of the Daily Mail website, Associated Newspapers, is suing Google, saying the tech company's dominance in online advertising has harmed its business.

The suit, filed Monday in federal court in New York, says Google punishes publishers' search results if they don't sell enough ad space through Google and that its control over the ad market depresses prices for publishers.

“Google wields its monopoly search engine to entrench its ad-tech dominance,” the suit alleges, citing instances when Daily Mail's traffic from search fell unexpectedly.

The company says that since the beginning of 2021, its U.S. search traffic to its website, known for celebrity photos and tabloid stories, has dropped by more than 50%.

Google said in an emailed statement that the Daily Mail's claims are inaccurate and that use of its ad tech tools “has no bearing” on a publisher's search results in Google. The company said it will defend against the claims.

Google commands about 29% of the U.S. digital ad market, according to eMarketer. Facebook takes 25% of it and Amazon, 10%.

Federal and state antitrust authorities have sued Google. The Justice Department alleges that Google abuses its dominance in online search and advertising.

It's also not the first time Google has faced an antitrust suit from a publisher. A West Virginia newspaper company, HD Media, sued Google and Facebook in January.

The newspaper industry has been on a long decline with the advent of the internet, and online ad revenues have not offset print-ad losses. That's led to newsroom cuts and publications thinning out and shutting down. Newer, online-only news sites like BuzzFeed and Vox have also faced pressure, and companies have been merging in recent years.

Associated Newspapers Ltd., a British media company, owns the Daily Mail tabloid in the U.K. and its website, which is known as MailOnline in the U.K. Its U.S. headquarters in New York opened in 2011. The company says its website has 225 million monthly readers, with 75 million in the U.S.

→ Could Your Accounts Be Frozen? (From Allegiance Gold) (Ad)

Should you invest $1,000 in Alphabet right now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Alphabet (GOOGL)
3.5522 of 5 stars
$167.24+0.4%N/A25.65Moderate Buy$190.60
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Skip Nvidia: Finding AI Stocks Beyond the Buzz

Skip Nvidia: Finding AI Stocks Beyond the Buzz

Under-the-radar opportunities that could redefine your investment strategy. Nate Bear shares his unique approach to trading AI stocks, insights into sectors ripe for AI integration, and highlights pot

Search Headlines: