Google suggests fixes to search monopoly amid antitrust battle
Published On Dec 21, 2024, 2:52 AM
Alphabet's Google is proposing new revenue-sharing agreements with companies like Apple, allowing for flexible default search engine options. This comes in the context of an ongoing antitrust case where a judge previously ruled that Google has been anti-competitive in its search business. Google's proposals, which conflict with the stringent suggestions from the US Department of Justice, aim to enable more choices for partners and challenge the DOJ’s severe recommendations of limiting Google's contracts and selling Chrome.
Stock Forecasts
GOOGL
Neutral
Given the ongoing legal challenges and Google's efforts to adapt its business model, the stock may face volatility in the short term. However, Google's strong market share and adaptability could lead to a recovery as long-term fundamentals remain strong.
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