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DOJ proposes remedies to curb Google's search dominance 

Yahoo Finance
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The Department of Justice (DOJ) is weighing potential sanctions against Alphabet's Google (GOOG, GOOGL) that could force a breakup of the company and dismantle the tech giant's dominance of the online search market. This comes months after a federal judge ruled that Google violated antitrust law with its search engine, labeling it as a monopolist. The DOJ proposes several remedies, all aimed at ensuring that Google does not pose future harm through its alleged monopolistic behavior. First, the DOJ wants to limit or end the contracts that place Google as the default provider on internet-connected devices in places such as browsers, apps, and AI search tools. DOJ officials also propose that websites should be able to opt out of having Google sweep them for information. This would prevent Google from continuing to bolster its index and give more of its competitors an opportunity in web content. Finally, the DOJ is looking to target Google's search text advertising by potentially licensing its advertising feed. Other proposals include going after Google Chrome, the Play Store, and Android. Google posted a response to the DOJ's proposals, calling it "radical and sweeping," and arguing that it risks "hurting consumers, businesses, and developers." The company added, "We believe that today’s blueprint goes well beyond the legal scope of the Court’s decision about Search distribution contracts." Yahoo Finance Senior Legal Reporter Alexis Keenan examines the framework proposed by the DOJ as the trial moves forward in the remedies phase and how it may impact the broader tech sector.
#google #stocks #news
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9 окт 2024

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Комментарии : 15   
@djlatu
@djlatu День назад
Literally has nothing to do with a monopoly. Other search engines just suck.
@wanderingquestions7501
@wanderingquestions7501 День назад
DuckDuckGo is a much more effective search engine if one wants accurate search results. Google biases search results based on their clients paying for SEO advantages.
@Adam2Yeshua
@Adam2Yeshua 8 часов назад
@@djlatu Yandex is superior to all other search engines. I even used AI to perform experiments to see which is the best and after over 1000 searches covering a range of categories from speed, reliability, results etc it out performed google by 44%. Don't take my word for it to see for yourself. Google is one of the most censored search engines on the entire web
@cameron.t
@cameron.t День назад
Maybe would have been a good benefit if it happened a decade ago. The slow reaction is something to consider for eventual AI search engine dominance. Especially since the very same thing is in the throes of throwing off text-based search
@nof7864
@nof7864 День назад
and what about Microsoft's monopolies!
@nealdee1755
@nealdee1755 День назад
Seems unfair. Will they break up Amazon too?
@Adam2Yeshua
@Adam2Yeshua 8 часов назад
Hopefully. Can't have free market capitalism when monopolies take over every other industry. If we were under a gold standard we wouldn't have monopolies like we see today.
@jaehparrk
@jaehparrk 20 часов назад
break up should not hurt the stock. it just means shareholders get 2 or 3 different stocks
@stnln2180
@stnln2180 День назад
It's down allright 1.59% and after market is down to 0.07%😂
@Adam2Yeshua
@Adam2Yeshua 8 часов назад
Yandex is superior to Google any day and out performs in every area.
@felizh82
@felizh82 День назад
It is too late to thing about little guys? they have no resource to compete with big guys
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