US considers breaking up Google after landmark case

Published On Oct 9, 2024, 1:09 AM

The U.S. government is contemplating a breakup of Google, following a recent court ruling that found the tech giant engaged in illegal practices to maintain its search engine monopoly. The Department of Justice is considering structural remedies to curb Google's dominance and is preparing to submit proposals to a judge. Google has responded by warning that these changes could negatively impact U.S. businesses and consumers. This situation follows mounting pressure to enhance competition among major technology firms, including ongoing lawsuits against other companies like Meta and Amazon.

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Stock Forecasts

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Negative

Given the increasing regulatory scrutiny and potential breakup of Google, investor sentiment may trend negatively. If structural changes are enforced, it could significantly affect Google's business model and market position, leading to declines in stock value in the short to medium term.

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