Connect with us

Bussiness

DOJ Mulls Google Breakup As Antitrust Remedy

Published

on

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.

The Tuesday night court filing also said DOJ antitrust officials could recommend that Google open up its core data that it uses for search research and artificial intelligence tools.





X



NOW PLAYING
Nasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals



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.

Soon after the ruling, there were reports that the DOJ was considering a Google breakup.

Mehta plans to begin the remedy stage of the trial by spring 2025 and issue a ruling by next August.

Google intends to appeal Mehta’s ruling, but can’t do so until he issues a ruling.

Please follow Ed Carson on  Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.

YOU MAY ALSO LIKE:

Why This IBD Tool Simplifies The Search For Top Stocks

Catch The Next Big Winning Stock With MarketSurge

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

How To Invest: Rules For When To Buy And Sell Stocks In Bull And Bear Markets

Continue Reading