DoJ wants to Breakup Google
Posted: Nov 18, 2024
- DoJ wants Google to sell Chrome due to search monopoly
- They will ask Judge Mehta to force Google to sell off Chrome
- Uncertainty about the impact on Google stock $GOOGL
- Top DOJ antitrust officials want Google to sell off its Chrome browser
- DOJ also seeks measures related to AI and Android OS
- Proposal includes data licensing requirements
- Google argues that the proposals would harm consumers and developers
- Google shares fell as much as 1.8% to $172.16 in late trading
- Antitrust officials want Chrome sold off because it controls 61% of the market in the US
- The proposal could reshape the online search market and the AI industry
- Google may be required to license search results and data, as well as separate its Android OS
- Antitrust enforcers also plan to propose two options for data licensing
- Google currently displays AI-based answers at the top of search pages
- Proposal includes uncoupling Google's Android smartphone OS from other products like search and the app store
- Mehta's ruling in August found Google broke antitrust lawsutowired
- Google plans to appeal the ruling and has set a hearing in April on changes to be made
- Lawyers from DOJ and state AGs included options like banning exclusive contracts in initial filing in October
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