Breaking up Google an option being considered by US, Bloomberg News reports

(Reuters) - The U.S. Department of Justice is considering options that include breaking up Alphabet (NASDAQ:GOOGL )'s Google, a week after a judge ruled the tech giant illegally monopolized the online search market, Bloomberg News reported on Tuesday.

Shares of the California-based company were down 1.4% in extended trading.

The verdict, delivered last week, held that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine. The ruling is seen as the first big win for federal authorities taking on the market dominance of Big Tech.

The DOJ's other options include forcing Google to share data with competitors and instating measures to prevent it from gaining an unfair advantage in AI products, the report said, citing people familiar with the matter.

Divesting the Android operating system was one of the remedies most frequently discussed by justice department attorneys, the report said.

Officials were also considering trying to force a possible sale of AdWords, Google's search ad program, and a possible divestment of its Chrome web browser, according to the report.

Federal antitrust regulators have sued Meta Platforms (NASDAQ:META ), Amazon.com (NASDAQ:AMZN ) and Apple (NASDAQ:AAPL ) in the past four years, claiming the companies illegally maintained monopolies.



Microsoft (NASDAQ:MSFT ) had settled with the DOJ in 2004 on claims it forced its Internet Explorer Web browser on Windows users.

Alphabet and the DOJ did not immediately respond to Reuters requests for comment.

Source: Investing.com

Останні публікації
Oklo target nearly doubled at Wedbush on AI-driven demand for nuclear energy
24.01.2025 - 18:00
Crypto markets lose steam after Trump's first policy move
24.01.2025 - 18:00
Combination of Google's TPU-DeepMind units may be worth $700 bn - DA Davidson
24.01.2025 - 18:00
British American Tobacco, Altria shares rise after menthol ban proposal dropped
24.01.2025 - 18:00
Morocco stocks higher at close of trade; Moroccan All Shares up 0.34%
24.01.2025 - 18:00
Commerzbank says no talks with UniCredit until specific proposal made
24.01.2025 - 18:00
Venture Global aims for $64 billion valuation at debut in test for energy IPOs
24.01.2025 - 18:00
Intuitive Machines stock surges on NASA contract award
24.01.2025 - 18:00
International Paper's $7.2 billion acquisition of DS Smith gets EU approval
24.01.2025 - 18:00
Short-term stock optimism soars among retail investors, AAII survey shows
24.01.2025 - 18:00
Venture Global shares likely to open up to 6% above IPO price
24.01.2025 - 18:00
Intuitive Surgical, American Express Stir Friday's Market Cap Stock Movers
24.01.2025 - 18:00
BMW joins Chinese EV makers in filing EU court challenge to tariffs
24.01.2025 - 18:00
Turkey stocks lower at close of trade; BIST 100 down 0.08%
24.01.2025 - 18:00
Diageo stock jumps on possible Guinness sale
24.01.2025 - 18:00

© Analytic DC. All Rights Reserved.

new
Аналіз ринку Як вплине завтра звіт NFP на курс долара США?