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Technology Stocks : Alphabet Inc. (Google)

GOOGL 267.49

-0.7%

Oct 28 3:59 PM EDT

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Thomas M.

From: zax	8/5/2024 3:21:17 PM
	1 Recommendation Read Replies (1) of 15851

Google loses massive antitrust lawsuit over its search dominance cnn.com Google has violated US antitrust law with its search business, a federal judge ruled Monday, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online and to upend decades of dominance. “After having carefully considered and weighed the witness testimony and evidence, the court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly,” US District Judge Amit Mehta Mehta wrote in Monday’s opinion. “It has violated Section 2 of the Sherman Act.” The decision by the US District Court for the District of Columbia is a stunning rebuke of Google’s oldest and most important business. The company has spent tens of billions of dollars on exclusive contracts to secure a dominant position as the world’s default search provider on smartphones and web browsers. ... Read the rest here: cnn.com

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