Wednesday, October 09, 2024

DOJ Mulls Google Breakup as Antitrust Remedy

The Justice Department told a federal judge Tuesday that it may ask for a breakup of Google-parent Alphabet (GOOGL) as a possible antitrust remedy.

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"The Justice Department "is considering behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features " including emerging search access points and features, such as artificial intelligence " over rivals or new entrants," the agency said in the filing

On Aug. 5, Judge Amit Mehta ruled that Google illegally maintained a monopoly over online search services and prevented revivals from developing their own products.

A key part of the ruling centered over multibillion payments that Google makes to Apple (AAPL) and others to be the default search engine on the iPhone and browsers such as Firefox.

Those payments may be barred as part of the judge's ultimate ruling."

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So many monopolies, so little time... and so little will to break them up.

#1 | Posted by Corky at 2024-10-09 02:47 AM

Funny how it's repubs who always whining about big tech, but now tech billionaires are bribing trump and democrats are trying to regulate them.

#2 | Posted by SpeakSoftly at 2024-10-09 05:05 PM

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