Could Google Face Breakup After Court Ruling on Monopolization? Here's How the Recent Anti-Trust Ruling Could Impact the Tech Giant
The U.S. Department of Justice is considering breaking up Alphabet Inc.'s Google after a court ruling found the company monopolized the online search market. This would be the first major U.S. antitrust action since the Microsoft case two decades ago. Options include forcing Google to divest key units like Android and Chrome or requiring more data sharing with competitors. The discussions intensified after Judge Amit Mehta's ruling on August 5th. The government will likely seek measures to prevent Google from maintaining unfair advantages in AI and other areas. Google plans to appeal the decision.
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00:00It's Benzinga, and here's what's on the block.
00:02The U.S. Department of Justice is considering breaking up Alphabet Inc.'s Google after a
00:07court ruling found that the company monopolized the online search market.
00:11This would be the first major U.S. antitrust action since the Microsoft case two decades
00:15ago.
00:16Options include forcing Google to divest key units like Android and Chrome, or requiring
00:21more data sharing with competitors.
00:23The discussions intensified after Judge Amit Mehta's ruling on August 5th.
00:28The government is likely to seek measures to prevent Google from maintaining unfair
00:31advantages in AI and other areas.
00:34Google plans to appeal the decision.
00:36For all things money, visit Benzinga.com.