Latest news with #Moltiply
The Star
09-05-2025
- Business
- The Star
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
FILE PHOTO: A Google logo is seen at the company's headquarters in Mountain View, California, U.S., November 1, 2018. REUTERS/ Stephen Lam/File Photo MILAN (Reuters) -Italy's Moltiply Group said on Friday it was suing Alphabet's Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. "We disagree strongly with these exorbitant private damages claims which disregard this successful and growing industry," a spokesperson for Google said in a statement in response to a Reuters request for comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine. "The changes Google made in 2017 following the European Commission's decision are working as intended and the number of comparison shopping sites in Europe using our shopping features has multiplied from just 7 to more than 1,550", the Google spokesperson added. ($1 = 0.8894 euros) (Reporting by Sara Rossi, Elvira Pollina, editing by Alvise Armellini, Kirsten Donovan)
Time of India
09-05-2025
- Business
- Time of India
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
MILAN: Italy 's Moltiply Group said on Friday it was suing Alphabet's Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. An Italian spokesperson for Google declined to immediately comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine.
Express Tribune
09-05-2025
- Business
- Express Tribune
Italy's Moltiply sues Google for$3.34 billion over market dominance abuse
A Google logo is seen at the company's headquarters in Mountain View, California, U.S., November 1, REUTERS Listen to article Italy's Moltiply Group ( has filed a €2.97 billion ($3.34 billion) lawsuit against Alphabet Inc.'s Google, accusing the tech giant of abusing its dominant market position to the detriment of its subsidiary, 7Pixel. The legal action was filed in a Milan court, the company announced Friday. Moltiply, which operates the prominent Italian price comparison platform claims that between 2010 and 2017, Google favored its own Google Shopping service over competitors in search results. This conduct, Moltiply alleges, significantly stunted the growth and competitiveness of 7Pixel during that period. The lawsuit follows a precedent set by the European Commission, which fined Google €2.42 billion in 2017 for breaching EU antitrust rules by promoting its own price comparison service in search results while demoting those of rivals. In September 2023, Google lost its final appeal against the penalty at the EU Court of Justice, a ruling that Moltiply cites as a key foundation for its damages claim. An Italian spokesperson for Google declined to comment on the new lawsuit. Moltiply stated that Google's actions not only undermined fair competition but also resulted in 'severe economic harm' to its business. The company is now seeking compensation for what it calls "years of lost revenue and market distortion." This case adds to the mounting legal and regulatory pressures Google faces in Europe, where authorities continue to scrutinize Big Tech's competitive practices. If successful, the lawsuit could open the door for similar claims from other affected firms. The outcome of this case could significantly influence future antitrust enforcement and private litigation involving digital platforms in the EU.
CNA
09-05-2025
- Business
- CNA
Italy's Moltiply sues Google in 3 billion euro lawsuit over market dominance
MILAN :Italy's Moltiply Group said on Friday it was suing Alphabet's Google and seeking damages of 2.97 billion euros ($3.34 billion) for abuse of its dominant market position as previously recognised by the EU Court of Justice. Moltiply operates the popular Italian price comparison website Its claim argues that Google's actions hindered the growth of its subsidiary 7Pixel between 2010 and 2017, favouring Google Shopping instead, Moltiply said in a statement. The claim was filed at a Milan court, Italian daily Corriere della Sera said without giving further details. An Italian spokesperson for Google declined to immediately comment. The European Commission fined Google, the world's most popular internet search engine, in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. In September, the company lost a final appeal against the 2.42 billion euro fine. ($1 = 0.8894 euros)
