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Adtech company OpenX sues Google, accusing it of anticompetitive tactics that 'crippled' its growth

1. OpenX has sued Google for alleged anticompetitive practices. 2. The lawsuit claims Google stifled competition and innovation in advertising. 3. A judge ruled Google has an illegal monopoly in advertising technology. 4. The lawsuit seeks damages and an injunction against Google's practices. 5. The remedies trial is set to begin on September 22.

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FAQ

Why Bearish?

The lawsuit indicates potential regulatory actions and financial damages against Google, which could negatively impact valuation.

How important is it?

The antitrust allegations could severely impact Google's advertising revenues and growth strategy, making this development highly relevant.

Why Short Term?

The upcoming trial could lead to immediate stock volatility depending on outcomes of the legal proceedings.

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