Google called the Texas lawsuit "meritless." In its lawsuit, Texas asks a judge to find Google guilty of breaking antitrust law and to order the violations to stop. The nine states that joined Texas on Wednesday are Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho. Google ad sales account for over 80% of Alphabet's revenue. Facebook shares, which briefly turned negative after details of the Texas lawsuit were published, reversed losses and ended little changed.

Source: bd News24 December 17, 2020 02:15 UTC