Google Sued for Antitrust

A wannabe B2B search engine company called TradeComet.com has sued Google for antitrust charging Google with predatory conduct aimed at driving it out of business by "imposing massive, unjustified price increases" on its keyword search rates.

It claims Google raised its prices 10,000% after identifying it as a competitor. Its property SourceTool.com was initially spending $500,000 a month with Google and getting 650,000 visits a day, even becoming a Google "Site of the Week."

TradeComet CEO Dan Savage, a publishing type out of Ziff-Davis and McGraw Hill, claims the price hike cut his traffic by 99% "virtually overnight" and that the operation is "no longer competitively viable." He wants damages.

Source: http://search.sys-con.com/