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GOOGL

Google Should Be Forced to Sell Chrome Browser, Justice Department Says

The Justice Department on Wednesday said Google should have to sell off its popular Chrome browser as part of a court-ordered fix to its monopolization of the online search market. The request follows the government’s victory this year in an antitrust case against Google and is likely to kick off a heightened legal fight with wide-reaching implications for the tech giant’s core business. Government lawyers said competition can only be restored if Google separates its search engine from products it has built to access the internet, such as Chrome and its Android mobile operating system...

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MSFT

Atai Capital Management Q3 2024 Letter

Atai Capital delivered a positive return of 6.5% in the third quarter of 2024 net of all fees. Click here to read the full fund letter...

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GOOGL

The Department of Justice asks court to force Google to spin off Chrome

The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business...

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GOOGL

US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment

U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Department of Justice calls for sweeping punishments that would include a sale of Google's industry-leading Chrome web browser and impose restrictions to prevent Android from favoring its own search engine. Although regulators stopped short of demanding Google sell Android too, they asserted the judge should make it clear the company could still be required to divest its smartphone operating system if its oversight committee continues to see evidence of misconduct...

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AAPL

Apple proposes Indonesian factory in bid to reverse iPhone 16 ban

Apple has proposed spending $100mn on an Indonesian manufacturing facility, after the south-east Asian country’s government banned the sale of.....

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GOOGL

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

(Reuters) -Alphabet's Google must sell its Chrome browser, share data and search results with rivals and take other measures - including possibly selling Android - to end its monopoly on online search, prosecutors argued to a judge on Wednesday. The measures presented by the Department of Justice are part of a landmark case in Washington which has the potential to reshape how users find information. They would be in place for up to a decade, enforced via a court-appointed committee to remedy what the judge overseeing the case deemed an illegal monopoly in search and related advertising in the U.S., where Google processes 90% of searches...

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GOOGL

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

Alphabet's Google 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...

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GOOGL

Justice Department Seeks Google Chrome Sale to Curb Monopoly

(Bloomberg) -- The Justice Department and a group of states proposed a raft of changes to the business practices of Alphabet Inc.’s Google — including a forced sale of the company’s Chrome web browser — in the wake of a landmark ruling that the tech giant illegally monopolized online search.Most Read from BloombergParis to Replace Parking Spaces With TreesTrump Promises Could Have Seismic Impact on Washington EconomyTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNew York’s Tran...

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GOOGL

US regulators want to force Google to sell its Chrome browser as part of the penalty for monopolizing search

US regulators want to force Google to sell its Chrome browser as part of the penalty for monopolizing search...

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AAPL

Crypto Trades 24/7. Why Not Stocks?

Crypto Trades 24/7. Why Not Stocks?...

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