March 17, 2021 Biz in 60

Business in 60 Seconds

Four US states join Texas-led lawsuit against Google Four more US states have joined a Texas-led lawsuit against Alphabet's Google, bringing the number of plaintiffs to 15 states and territories. The lawsuit accuses the internet giant of breaking antitrust laws to boost its already dominant advertising business. Filed in December, the complaint is one of three ongoing antitrust cases against the search giant. Greensill family reportedly cashed out before collapse Australian businessman Lex Greensill and his family reportedly sold about 200-million dollars of shares in their financial services firm two years before its collapse. According to the Financial Times, the family cashed-out after Greensill Capital received a 1-and- a-half billion dollar investment from SoftBank in 2019. The business filed for administration in the UK last week Samsung warns of deepening semiconductor shortage Samsung has warned that a global chip shortage that's currently disrupting carmakers could spread to the broader technology sector. The South Korean tech giant expects the shortage will impact its business in the second quarter. Suppliers are struggling to meet the unprecedented demand for semiconductors, amid a surge in sales of cars and electronics during the pandemic.