Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows

by
September 12, 2024
in Stock
0
Ex-Google exec said goal was to ‘crush’ competition, trial evidence shows

By Jody Godoy

ALEXANDRIA, Virginia (Reuters) – A Google (NASDAQ:GOOGL) executive told colleagues the goal for the company’s then-nascent online advertising business in 2009 was to “crush” rival advertising networks, according to evidence prosecutors presented at the tech titan’s antitrust trial on Wednesday.

The statements underscored the U.S. Department of Justice’s claim that Google has sought to monopolize markets for publisher ad servers and advertiser ad networks, and tried to dominate the market for ad exchanges which sit in the middle.

On the third day of the trial, prosecutors began to introduce evidence of how Google employees thought about the company’s products at the time when the government alleges it set out to dominate the ad tech market.

“We’ll be able to crush the other networks and that’s our goal,” David Rosenblatt, Google’s former president of display advertising, said of the company’s strategy in late 2008 or early 2009, according to notes shown in court.

Google denies the allegations, saying it faces fierce competition from rival digital advertising companies.

“We’re both Goldman and NYSE,” he said, he said, according to the notes, referring to one of the world’s biggest stock exchanges at the time and one of its biggest market makers.

“Google has created what’s comparable to the NYSE or London Stock Exchange; in other words, we’ll do to display what Google did to search,” Rosenblatt said.

By owning publisher ad servers, the advertiser ad network would have a “first look” at available spots for ads, he said according to the notes. He also said it was a “nightmare” for publishers to switch platforms.

“It takes an act of God to do it,” he said, according to the notes.

Rosenblatt, now CEO of online luxury marketplace 1stDibs, did not immediately respond to a request for comment.

Google has said it is not the only company to offer an integrated suite of products for advertisers and publishers, and that Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Meta Platforms (NASDAQ:META) have similar offerings.

If U.S. District Judge Leonie Brinkema finds that Google broke the law, she would consider prosecutors’ request to make Google at least sell off Google Ad Manager, a platform that includes the company’s publisher ad server and its ad exchange.

This post appeared first on investing.com
Previous Post

Copper output at Chile’s Codelco slips nearly 11% in July

Next Post

Norfolk Southern CEO Shaw replaced by CFO over alleged affair with legal head

Next Post
Norfolk Southern CEO Shaw replaced by CFO over alleged affair with legal head

Norfolk Southern CEO Shaw replaced by CFO over alleged affair with legal head

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals

    February 26, 2026
    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    Trump’s Iran ultimatum enters decisive stretch after State of the Union

    February 26, 2026
    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

    February 26, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Dem voters were less enthusiastic when Trump touted crackdown on cartels and fentanyl, SOTU dial reveals
    • Trump’s Iran ultimatum enters decisive stretch after State of the Union
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved