US DOJ Considers Historic Breakup of Google $GOOGL Following Monopoly Ruling

Oct 9, 2024, 03:11 AM

The US Department of Justice (DOJ) is considering recommending a historic breakup of Google as a remedy for its monopolization of the online search market. This follows a ruling by Judge Amit Mehta that found Google maintained an illegal monopoly. The DOJ's proposed remedies include forcing Google to sell off parts of its operations and breaking its exclusive agreements with OEMs and browsers. The case represents a significant antitrust action aimed at reshaping internet search practices and addressing the harm caused by Google's dominance. Shares of $GOOGL were little changed following the announcement.