DOJ may be ready to break up Google. It needs to convince a judge first.

Published On Nov 20, 2024, 4:00 AM

The US Department of Justice (DOJ) plans to push for the breakup of Google's operations, particularly focusing on divestitures such as the Chrome browser, in response to its finding that Google operates as an illegal monopoly. This request will be submitted to the court, with a remedies hearing scheduled for April 2025. The outcome could pave the way for significant changes in the tech industry, reminiscent of past antitrust actions against Microsoft.

Read full article

Stock Forecasts

GOOGLView GOOGL chart on TradingView

Negative

The potential breakup of Google could lead to increased competition in the tech sector, which may benefit related companies that currently face less competition. However, it could negatively impact Google's stock price in the short term as markets react to regulatory pressures.

Related News

How Google Spent 15 Years Concealing Its Internal Conversations

Nov 20, 2024, 5:00 AM

Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.

GOOGL

Google reacts angrily to report it will have to sell Chrome

Nov 19, 2024, 8:05 AM

It's reported the US government wants the world's most popular web browser to be sold off to address monopoly concerns.

GOOGL

Trump Picks Brendan Carr to Lead F.C.C.

Nov 17, 2024, 8:10 PM

Mr. Carr, who currently sits on the commission and is a vocal critic of Big Tech, has said the agency should regulate the tech industry.

GOOGL
DIS