Google To Face Sept. 9, 2024 Jury Trial In U.S. Justice Dept And U.S. States' Digital Ads Antitrust Lawsuit
Portfolio Pulse from Benzinga Newsdesk
Google is set to face a jury trial on September 9, 2024, due to an antitrust lawsuit filed by the U.S. Justice Department and several U.S. states, focusing on its digital ads business, as reported by Reuters citing a court order.
February 05, 2024 | 4:56 pm
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NEGATIVE IMPACT
Google's parent company, Alphabet Inc., represented by the ticker GOOG, is directly involved in a significant legal battle over its digital ads business, set for trial in 2024.
The announcement of a jury trial for Google in an antitrust lawsuit directly implicates Alphabet Inc.'s operations and could lead to negative investor sentiment due to potential legal repercussions and financial liabilities. This uncertainty is likely to exert downward pressure on GOOG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc.'s Class A shares, represented by GOOGL, are implicated in a major antitrust lawsuit concerning its digital ads business, with a trial date set for 2024.
The legal challenges surrounding Alphabet Inc.'s digital ads business, leading to a jury trial, are likely to create uncertainty among investors regarding the outcome and potential financial impacts. This situation is expected to negatively affect the short-term performance of GOOGL shares due to concerns over legal risks and possible financial penalties.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100