Google critics and rivals have long warned the search engine is threatening countless industries from shopping to travel by consistently pointing people to its own products and services on the biggest search platform on the Web. And those competing against Google to win over consumers say that the search engine forces them to pay their biggest rival in advertising dollars just to show up.
Google’s dominance in search has drawn more regulatory scrutiny and criticism from rivals and lawmakers in recent months, something that is expected to culminate in the Department of Justice filing an antitrust suit against the company in the coming weeks. Lawmakers are also preparing new legislation to rein in tech’s power, following the publication last week of a congressional investigation that found Google engaged in anticompetitive tactics.
The case by the Justice Department would be its biggest swing yet to rein in the power of tech
(Bloomberg) — Philippine media giant ABS-CBN Corp. rose by the 50% daily limit after announcing the return to free-to-air television of some of its entertainment shows three months since it was denied a congressional permit.
Shares closed at 13.50 pesos each on Wednesday in Manila trading, the highest since July 22, even as the index fell by 0.7%. It also rallied by 50% on Monday, then slumped 15% the next day. Shares of its parent company Lopez Holdings Corp. also rose by 21% on Wednesday.
Technical staff work on videos and other reports inside the newsroom of the ABS-CBN Corp. Broadcasting Centre in Metro Manila, the Philippines, on May 12.
Photographer: Veejay Villafranca/Bloomberg
Philippine Media Giant Criticized by Duterte Returns to Free TV
ABS-CBN has stopped broadcast since May when the government