• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

DOJ Considers Proposals to Split Google into Separate Companies

user avatar

by Giorgi Kostiuk

a year ago


  1. Exploring Possible Antitrust Remedies
  2. Considered Measures to Prevent Google’s Dominance
  3. Google's Arguments and the Next Court Hearing

  4. Federal officials are evaluating the possibility of splitting up Google following a recent court ruling on antitrust violations. The Department of Justice (DOJ) will submit its proposals next week to Judge Amit Mehta, who earlier ruled that Google had unfairly monopolized the internet search market.

    Exploring Possible Antitrust Remedies

    A recent ruling made by Judge Mehta stated that Google had acted unlawfully by engaging in anti-competitive practices, including paying through agreements that ensure that companies advertise Google’s search engine. The DOJ may propose several remedies to address the antitrust issues raised in the complaint, including compelling Google to share its data with other firms.

    Considered Measures to Prevent Google’s Dominance

    The DOJ may propose restricting possible legal solutions for special contracts concluded by Google with technology companies like Apple for the inclusion of the Google search engine in their products. These agreements have allowed Google to continue monopolizing most of the search engine markets worldwide. The DOJ may also propose steps to avoid Google’s dominance in the artificial intelligence sector.

    Google's Arguments and the Next Court Hearing

    Both the DOJ and Google are required to provide their proposed strategies for eradicating the power imbalance by September 4. The next hearing is set for September 6, during which Judge Mehta will deliberate on the recommendations made by both parties and make additional decisions related to the case. If the DOJ's recommendations are approved, it will be one of the largest antitrust actions against a US tech company in decades. Alphabet’s stock fell by 2.5% after the ruling but recovered slightly. Google has stated that it plans to appeal the judgment.

    The decision of the DOJ will ultimately need to be signed off by Judge Mehta. If the breakup proceeds, it will be one of the largest enforcement actions against a US tech company in decades. Meanwhile, OpenAI’s new AI search platform, SearchGPT, focusing on real-time conversational search, could become a significant competitor for Google in the internet search market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bank of Canada to Approve Only High-Quality Stablecoins

chest

The Bank of Canada will approve only high-quality stablecoins tied to central bank currencies as part of upcoming regulations.

user avatarLi Weicheng

Dark Defender Analyzes XRP's Corrective Phase

chest

Dark Defender analyzes XRP's corrective phase, tracking Wave 4 development and emphasizing market sentiment.

user avatarAisha Farooq

Bitmain Executes Massive ETH Withdrawal from FalconX

chest

Bitmain has executed a massive withdrawal of 14,178 million worth of Ethereum from FalconX, raising speculation about its strategic intentions.

user avatarTenzin Dorje

Grayscale Highlights Growth in Stablecoins and Asset Tokenization

chest

Grayscale highlights significant growth in stablecoins and asset tokenization projected for 2026, emphasizing increased adoption for payments and integration into financial systems.

user avatarBayarjavkhlan Ganbaatar

Cantor Fitzgerald Proposes High Valuation for Hyperliquid HYPE

chest

Cantor Fitzgerald proposes a valuation framework for Hyperliquid HYPE, suggesting a market cap over 200 billion based on a 50x revenue multiple.

user avatarMohamed Farouk

The Risks of Investing in Leveraged ETFs

chest

Investors are cautioned about the significant risks of leveraged ETFs like SPXL, which can offer high returns but are designed for short-term trading and may lead to substantial losses.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.