Politics

Senate Panel to Examine Claims Google Monopolizes Online Advertising

A Senate subcommittee continued its investigation Tuesday of recurring claims that Google, the $1 trillion Silicon Valley hi-tech giant, is monopolizing the digital advertising market, driving up costs to businesses and consumers alike. “Online advertising is an incredibly complex business, and one that touches every single person on the internet,” Sen. Mike Lee (R-Utah) said at the opening of the hearing of the Senate Judiciary Committees Subcommittee on Anti-trust, Competition and Consumer Rights. Online advertising equals more than $162 billion annually and is growing rapidly as older media formats, including print and broadcast television, lose audiences and marketing value. Tuesdays hearing comes amid grRead More From Source

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