• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Google must divest Chrome to restore competition in online search, DOJ says

by November 21, 2024
written by November 21, 2024

By Jody Godoy

(Reuters) -Alphabet’s Google (NASDAQ:GOOGL) must sell its Chrome browser, share data and search results with competitors and take a range of other measures to end its monopoly on searching the internet, U.S. prosecutors argued to a judge on Wednesday.

Such changes would essentially result in Google being highly regulated for 10 years, subjecting it to oversight by the same Washington federal court that ruled the company maintained an illegal monopoly in online search and related advertising.

Google controls about 90% of the online search market.

“Google’s unlawful behavior has deprived rivals not only of critical distribution channels but also distribution partners who could otherwise enable entry into these markets by competitors in new and innovative ways,” the U.S. Department of Justice said in a court filing.

The court papers filed Wednesday night expand on an earlier outline on how the U.S. wants to end Google’s monopoly. Google called the proposals radical at the time, saying they would harm U.S. consumers and businesses and shake American competitiveness in AI. The company has said it will appeal.

The DOJ demands are wide-ranging, including barring Google from re-entering the browser market for five years and insisting Google sell its Android mobile operating system if other remedies fail to restore competition. The DOJ has also requested a prohibition on Google buying or investing in any search rivals, query-based artificial intelligence products or advertising technology.

The DOJ and a coalition of states want U.S. District Judge Amit Mehta to end exclusive agreements in which Google pays billions of dollars annually to Apple (NASDAQ:AAPL) and other device vendors to make its search engine the default on their tablets and smartphones.

Google will have a chance to present its own proposals in December.

Mehta has scheduled a trial on the proposals for April, though President-elect Donald Trump and the DOJ’s next antitrust head could step in and change course in the case.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
China stocks may have bottomed out, but more volatility likely- BCA Research
next post
Fed’s Williams sees inflation cooling and interest rates falling further, Barron’s reports

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025
    • American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

      May 14, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (462)
    • Stock (6,426)

    Latest News

    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion
    • YouTube will stream NFL Week 1 game in Brazil for free

    Popular News

    • BioNTech enters settlement with US agency, UPenn over COVID vaccine royalties
    • Barclays highlights 5 themes ahead of ‘a critical year’ for the auto industry

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy