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Market InsightsMarket Insights

Market Insights

Google Faces Antitrust Action in Japan Over Anticompetitive Practices

Amos Simanungkalit · 26.1K Views

Short Sellers’ Damning Reports May Get Harder to Google - Bloomberg

Image Credit: Bloomberg

Japan's competition regulator, the Japan Fair Trade Commission (JFTC), issued a cease and desist order to Alphabet's Google on Tuesday for engaging in anticompetitive practices, marking the first such action against a U.S. tech company.

The JFTC stated that Google pressured smartphone manufacturers to prioritize its services. As part of the ruling, Google is required to appoint a third-party to oversee and report back to the regulator.

 

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author