Google in Antitrust Hot Water
Search engine giant and its owner, Alphabet (NASDAQ:GOOGL), were found to have violated antitrust laws as the firm created a tech empire, according to a federal judge in August 2024.
The judge found that Google violated section 2 of the Sherman Act, with accusations that its services and advertising kept users locked into the company in a way that prevented the emergence of competitors.
The fallout from the trial saw GOOGL fall 11.6% from its July 2024 peak by the end of November, with fresh uncertainty over what the future holds for its tech empire at a time of accelerating innovations.
In November, the US Department of Justice suggested that Google divest its Chrome internet browser as a remedy in the wake of the case.
The DOJ…
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