Alphabet Shares Dip 5% As Justice Department Pushes Chrome Sale
Federal officials said the divestment would “permanently stop” Google’s control over the search engine monopoly.
Alphabet’s stock slides as Feds push for Chrome sale. Why fears are overblown.
Shares of Alphabet Inc. dropped 5.4% in morning trading, enough to pace the S&P 500 index’s decliners, after the U.S. Department of Justice filed a document proposing a breakup of technology giant’s Google search business.
US Justice Department Seeks Google Chrome Sale to Curb Monopoly
The US Justice Department and a group of states proposed major changes to Alphabet Inc.’s Google — including a forced sale of the company’s Chrome web browser — after a landmark ruling that the tech giant illegally monopolized online search.
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
The measures, if they are ordered, threaten to upend a business expected to generate more than $300 billion in revenue this year.
Force Sale Of Chrome And Big Changes To Android Search—The DOJ’s Proposal To Crackdown On Google’s Search Monopoly
The Justice Department’s filing outlined a set of proposed remedies they want Google to undertake after a judge ruled that the company maintained an illegal monopoly in search.
Why the US forced sale of Google's Chrome faces legal hurdles
Efforts by U.S. antitrust regulators to break up Alphabet by forcing a sale of its Google Chrome browser and other proposals to limit its search dominance are likely to run into legal challenges on grounds the remedies are extreme.
DOJ moves to force Google Chrome sale
The US government is pushing for Google to sell its Chrome web browser. A federal judge ruled in August that the tech giant holds an illegal monopoly over internet search, and the Department of Justice is seeking to break it up.
DOJ seeks forced sale of Chrome, other big changes at Google in monopoly case
If the court OKs the prosecutors’ recommendation, Google could be the first big tech company broken up under federal antitrust law since AT&T in 1982.
Google may be forced to sell its Chrome browser due to monopoly complaints — potential $20 billion sale if approved by a judge
Google accuses the Department of Justice of having a ‘radical agenda’ in response to a report that claims a forced sell-off of Chrome is on the table.
Alphabet Shares Dip As DOJ Seeks Sale Of Google Chrome & Other Remedies After Antitrust Win
Shares of mighty Alphabet are down over 6% today after the U.S. Department of Justice said it should be forced to sell Chrome among other remedies after losing a landmark antitrust case in August.
What You Need to Know About the Proposed Measures Designed to Curb Google's Search Monopoly
U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly
DOJ proposing forced sale of Google Chrome, could fetch $20 billion if judge OKs: Report
Bloomberg reported the U.S. Justice Department aims to force Google to sell Chrome, which could fetch as much as $20 billion.
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U.S. regulators seek to break up Google, forcing a Chrome sale as part of a monopoly punishment
The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Department of Justice calls for sweeping ...