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What Does Google's Lawsuit Loss Mean For the Industry?
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Google has lost a significant antitrust lawsuit in the United States, with a federal judge ruling that the company abused its monopoly power to maintain dominance in the search engine and online advertising markets.
- The ruling came from U.S. District Judge Amit Mehta, who found that Google maintained its monopoly by paying companies like Apple and Mozilla to make its search engine the default choice on their devices and web browsers.
Intel is facing a class-action lawsuit filed by its shareholders, who allege that the company engaged in securities fraud by concealing critical issues that led to weak second-quarter results.
- The lawsuit claims that Intel misled investors about its business outlook and manufacturing capabilities, particularly in its foundry business, which manufactures chips on contract for other companies.
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