Even though a Missouri investigation is a long shot, the company should be nervous
The command centre for the war against the world’s second-most valuable company is a modest office in Jefferson City, Mo., population 43,000. Josh Hawley, the state’s attorney general, has decorated the room with reminders of his family and some more political keepsakes, including a portrait of Ronald Reagan and a copy of Barry Goldwater’s Conscience of a Conservative. On the far side of the office, along an otherwise empty wall, is a crate labeled “STUFF,” full of toys intended to occupy Hawley’s two preschool-age sons during their frequent visits. “They’re kind of loud,” he says. “I’m not sure that their presence is entirely welcomed by everyone in the building.”
Hawley, a 38-year-old Yale Law School graduate with Ken doll looks and Federalist Society bona fides, has spent his 14 months in office pursuing cases that seem designed to attract attention beyond Missouri’s borders. Alphabet Inc., Google’s parent, is his biggest target yet. The company owes its market value of more than $750 billion to its overwhelming share of global internet searches—more than 90 percent, according to analyst Statcounter. In November, Hawley subpoenaed Alphabet as part of an investigation into its possible violations of Missouri antitrust and consumer protection law.
As a legal matter, bringing a case against Google will be difficult, but the company is more vulnerable than it’s been since 2011, when the U.S. Federal Trade Commission started looking for evidence of its anticompetitive business practices. Although Google managed to avoid charges then, the European Union fined it a record $2.7 billion last June for violating EU antitrust laws. Google has appealed the judgment.
Diese Geschichte stammt aus der 1 April, 2018-Ausgabe von Bloomberg Businessweek Middle East.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der 1 April, 2018-Ausgabe von Bloomberg Businessweek Middle East.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake