AIM Media Midwest sues Facebook, Google over digital advertising tactics
By Mackenzi Klemann - mklemann@limanews.com
COLUMBUS The parent company of this newspaper has filed a lawsuit against Facebook and Google, alleging the social-networking and online search engine companies “conspired” and “monopolized” the digital advertising market to the detriment of local newspapers, which now face “extinction” as advertising revenue falls.
AIM Media Midwest, which owns 32 newspapers in Ohio, is the latest newspaper publisher to file a lawsuit against the tech companies, directly attributing the crisis facing local news to Facebook and Google’s digital advertising practices. The lawsuit seeks to stop the practices and give restitution “in an amount to be determined at trial.”
The U.S. House of Representatives Judiciary Committee formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement on Thursday.
With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc’s Google, Apple Inc, Amazon.com Inc and Facebook Inc.
This could be potentially really good news, but let’s just say that US Congress hasn’t exactly been the most reliable governmental body, so I won’t cheer until Biden signs a dotted line.
US House panel approves blueprint to rein in Big Tech
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US House panel approves blueprint to rein in Big Tech
Reuters / Apr 16, 2021, 08:20 IST
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WASHINGTON: The US House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said on Thursday. With the approval during a marathon, partisan hearing, the more than 400 page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet’s Google, Apple, Amazon and Facebook.
The report was approved by a 24-17 vote that split along party lines. The companies have denied any wrongdoing. The report first released in October the first such congressional review of the tech industry suggested extensive changes to antitrust law. “Amazon, Apple, Google, and Facebook each hold monopoly power over s
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