Nov. 3 at 4:36 PM
$GCI A high volume of trading today, large bid/ask positions I haven't seen for a long time. Based on the update last week to the Gannett-Google lawsuit, I queried Perplexity about the potential damages. This is what it spit out:
"what is the likely amount of damages gannett will be awarded from its lawsuit against google"
"Gannett is likely to be awarded damages in the range of
$800 million to
$1.X.3 billion from its lawsuit against Google, with the possibility that this amount could be tripled under U.S. antitrust law, depending on the trial's outcome. This projection is based on estimates of how Google's ad-tech auction manipulations may have depressed Gannett's ad revenue by 50% or more, and reflects the impact of the federal judge's recent ruling establishing Google's liability for illegally monopolizing the digital advertising placement technology business.[1][2][3]"
