Following recent press articles, Moltiply Group S.p.A. announced that its subsidiary 7Pixel S.r.l., which operates the price comparison service Trovaprezzi.it, has recently notified several Google Group entities of a follow-on claim for damages for the abuse of dominance that favored Google Shopping between 2010 and 2017, as finally determined by the European Court of Justice in September 2024. The amount of damages estimated by the experts commissioned by 7Pixel, including the structural effects of the abuse and interest, is equal to EUR 2.97B.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Trade Desk price target lowered to $100 from $115 at Citizens JMP
- CFPB drops efforts to supervise Google Payments, Reuters reports
- Can Google, Meta, and Amazon withstand AI’s Assault on Ad Revenues?
- AI Daily: Nvidia says losing China AI market would be ‘tremendous loss’
- Wall Street analysts say ‘time to buy’ Alphabet amid correction in shares