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GOOGL Jun 2026 215.000 call
- Associated Press Finance
Google CEO testifies at trial of collapsed startup Ozy Media and founder Carlos Watson
Google CEO Sundar Pichai testified briefly Friday at the federal financial conspiracy trial surrounding buzz-to-bust startup Ozy Media, countering founder Carlos Watson's alleged claims that the search giant once sought to buy Ozy. Google did consider hiring Watson for a high-level news executive job in 2021 and putting $25 million into Ozy in something of a tradeoff for luring him away, Pichai told jurors. “Mr. Watson was a critical part of Ozy Media, and we were considering making an investment in the company to make the transition easier," he explained.
- Reuters
Google loses bid to end US antitrust case over digital advertising
Alphabet's Google must face trial on U.S. antitrust enforcers' claim that the internet search juggernaut illegally dominates the online advertising technology market, a federal judge ruled on Friday. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, denied Google's motion during a hearing, according to court records. Google had argued for a win without a trial, saying that antitrust laws do not block companies from refusing to deal with rivals and that regulators had not accurately defined the ad tech market.
- Associated Press Finance
Judge says trial is required to decide government's antitrust case over Google's advertising tech
A federal judge on Friday said the government's antitrust case against Google over its advertising technology will go to trial in September, rejecting both sides' request to rule in their favor as a matter of law. The Justice Department and Google had been expected to make their arguments seeking summary judgment in the lawsuit next week. A judge grants summary judgment only when the facts are not in dispute and a decision can be rendered as a matter of law.
