Google reacts angrily to report it will have to sell Chrome

Published On Nov 19, 2024, 8:05 AM

Google has expressed concern that a proposal by the US Department of Justice (DOJ) to sell its popular web browser Chrome could harm consumers and businesses. The DOJ is considering breaking up Google's search monopoly, with Google claiming that such measures would negatively impact its business structure and the security of Chrome. The DOJ's final proposals are expected soon. Google's search and advertising revenues have recently seen a 10% increase, indicating strong business performance despite the potential regulatory challenges.

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Stock Forecasts

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Negative

Given the looming threat of potential breakup and regulatory scrutiny from the DOJ, investor sentiment may turn cautious, leading to possible downward pressure on Google's stock price. However, the recent growth in revenues, coupled with the company's strong market position in search and advertising, suggests that any negative impact might be limited in the short term. Overall, the stock might experience volatility but could return to a stable trend if market conditions and regulatory outcomes favor Google.

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