FTC Wants Court To Hit Google with Tough Penalties in Epic Games Case
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Key TakeawaysThe Federal Trade Commission (FTC) wants sanctions put on Alphabet's Google after a jury ruled that Google violated antitrust laws.The lawsuit was filed by "Fortnite" video game maker Epic Games, claiming Google engaged in monopolistic practices in its Play Store.In a separate case, Google last week was found guilty of having an illegal monopoly over internet search.
The Federal Trade Commission (FTC) called on a federal court to slap tough restrictions on Alphabet-owned Google (GOOGL) following a late 2023 jury verdict finding that Google violated antitrust laws related to its Google Play Store.In an amicus brief filed Monday with the U.S. District Court of Northern California, the FTC said it "encourages the court to use its broad power to order a remedy that stops the illegal conduct, prevents its recurrence, and restores competition." It added in the statement about the court filing Tuesday that the decision should also make sure that Google “is not continuing to reap the advantages and benefits obtained through the antitrust violation.”Fortnite Maker Claimed Google Suppresses CompetitionThe case involves a complaint filed by Epic Games, the maker of the “Fortnite” video game, which claimed Google was using its dominant position to suppress potential competitors and charge rival app developers exorbitant fees of up to 30%. The jury ruled in favor of Epic Games in December, and the court has been considering what steps should be taken to address the monopolistic practices.The Epic Games decision wasn't the only court fight Google has lost recently. Last week, a judge in the U.S. District Court for the District of Columbia ruled that the company broke antitrust rules by maintaining an illegal grip on internet search. Google said it plans to appeal the decision.The FTC announcement didn't hurt Google shares Tuesday, which rose more than 1% to close at $164.16. They’re up about 16.5% year-to-date.
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