DOJ’s Google breakup remedy puts tech world on notice

Published On Oct 9, 2024, 8:43 AM

The U.S. Department of Justice is considering breaking up Google as part of an effort to combat its monopoly in the online search engine and search text advertising markets. In a recent court filing, the DOJ outlined potential behavioral and structural remedies to limit Google's control over these markets, including restricting default search agreements with device manufacturers like Apple and Samsung. Google has opposed these measures, arguing that they could harm consumers and developers. This situation highlights the increasing scrutiny and regulatory pressure on big tech companies under the Biden administration.

Read full article

Stock Forecasts

GOOGView GOOG chart on TradingView

Negative

The ongoing legal challenges and potential breakup proposals could negatively impact Google's market position and investor sentiment. Consequently, Google's stock may face downward pressure as uncertainty remains regarding its operational structure and market dominance.

Related News

Stock market today: S&P 500, Dow head for fresh records

Oct 9, 2024, 1:03 PM

Investors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.

GOOG
XLF
WW
TSM
BA

Stock market today: Dow leads stocks higher with Fed and Google breakup in focus

Oct 9, 2024, 11:00 AM

Investors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.

GOOG

DOJ’s Google breakup remedy puts tech world on notice

Oct 9, 2024, 8:43 AM

The US Justice Department said in a new court filing that it may recommend a break up of Google, showing just how far Washington is willing to go to rein in Big Tech.

GOOG