(Finance) – The Justice Department, along with eight US states, is suing Google over online advertising, accusing the Mountain View company of illegal monopoly on the market. The states participating in the newly filed lawsuit and which have joined the Justice Department are: California, Colorado, Connecticut, New Jersey, New York, Rhode Island, Tennessee and Virginia.
In the legal action – the American media report – the stew of Google is proposed, with the separation of its advertising activities. The American media report it.
Google is already being targeted by US authorities for its search practices.
In the wake of the action initiated by the American authorities the title alphabetthe parent company of Google, shows a decline of 1.31%.
Comparatively on a weekly basis, the trend of US holding company owned by Google shows a more marked trend than the trendline of theS&P 100. This demonstrates the greater propensity of investors to buy towards alphabet compared to the index.
The trend of short of alphabet is strengthening with resistance area seen at USD 100.9, while the most immediate support is seen at 99.09. A continuation of the upward trend towards 102.7 is expected.