US Weighs Google Breakup as Remedy in Historic Antitrust Case

Published On Oct 9, 2024, 3:11 AM

The U.S. Justice Department is contemplating a breakup of Google as a remedy to ongoing antitrust litigation, due to concerns about the company's dominance in online search and advertising. This significant legal move would be the first of its kind since an unsuccessful attempt to break up Microsoft. Potential remedies include limiting Google's ability to prefer its services over competitors and requiring greater transparency in its advertising operations. Google has criticized these proposals, stating they could have negative consequences. A trial for possible remedies is expected in spring 2025.

Stock Forecasts

If the breakup proceeds, it could significantly disrupt Google's existing business model, leading to potential market share losses and a reevaluation of its competitive strategy.

Related News

Woodshaw Financial Group principal D.R. Barton analyzes the election betting market and weighs in on Google's possible breakup on 'Varney & Co.

As the Justice Department seeks to possibly break up Google, the search giant's parent company's stock has barely moved.

The Justice Department could push for the tech giant to sell off a business to end its lock on online search. But a move would be tough to pull off.