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Chrome, the Department of Justice, and Why Alphabet Stock Dropped
The Motley Fool· 2024-11-22 17:02
The Department of Justice wants Alphabet to spin off the Chrome browser, but that may help Alphabet's stock in the long run.Alphabet (GOOG -1.55%) stock dropped this week after the DOJ said it wants the company to spin off the Chrome browser. The twist, as Travis Hoium covers in this video, is that this could make Alphabet even more profitable.*Stock prices used were end-of-day prices of Nov. 21, 2024. The video was published on Nov. 21, 2024. ...
The DOJ Demands That Google Cease Innovating
Forbes· 2024-11-22 14:30
PARIS, FRANCE - JUNE 08: In this photo illustration, Google app logos, Drive, YouTube, Gmail, ... [+] Chrome, Google and Google Maps are displayed on the screen of an iPhone on June 08, 2023 in Paris, France. Users of the Google Chrome search engine are advised to update the software on their web browser as soon as possible to ensure their security. The American giant has just released a security update to correct a computer flaw representing a high risk for Internet users. This is the third time since the ...
Google unveils unique and eco-friendly mass timber office
Techxplore· 2024-11-22 12:40
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Google unveiled on Nov 20 its first mass timber office building, a cutting-edge and eco-friendly structure in Sunnyvale. The search giant hopes it will be a productive and healthy workspace. Over time, the five-story structure—built on the site of the one-time headquarters of video games pion ...
DOJ Proposal in Antitrust Case Aims to Undo Google-Anthropic Partnership
PYMNTS.com· 2024-11-22 00:38
The Justice Department’s proposal to resolve its antitrust case over online search against Google reportedly would force the tech giant to unwind its partnership with artificial intelligence (AI) company Anthropic.A recommendation in the Justice Department’s court filing Wednesday (Nov. 20) that Google be barred from partnerships with companies that control where consumers search for information, is intended to apply to the company’s investment in Anthropic, Bloomberg reported Thursday (Nov. 21).This move i ...
Google Against The DoJ: Market Overreacts
Seeking Alpha· 2024-11-21 22:49
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!Alphabet (NASDAQ: GOOG )(NASDAQ: GOOGL ) has been the target of antitrust action repeatedly in the past. The latest move against the company comes from the Department of ...
Google Blasts DOJ's ‘Radical' Antitrust Proposal
PYMNTS.com· 2024-11-21 22:02
Google is criticizing what it called a “radical” proposal to remedy government antitrust claims.The tech giant made the argument in a blog post Thursday (Nov. 21), one day after the U.S. Department of Justice called for Google to divest its Chrome browser to answer a ruling that the company has a search market monopoly.“DOJ had a chance to propose remedies related to the issue in this case: search distribution agreements with Apple, Mozilla, smartphone OEMs and wireless carriers,” the post said. “Instead, D ...
Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out.
Business Insider· 2024-11-21 21:53
Advertisement The DOJ proposed banning Google from paying for search distribution deals.Google's search dominance relies on distribution, not just technology.Investors worry Google's market share could drop if distribution deals end.The online search business is not about technology. It's about distribution.The US Department of Justice made that clear Wednesday when it proposed fixes for a judge's earth-shaking ruling that Google is an illegal monopolist.Advertisement The DOJ's remedies cut to the heart o ...
Alphabet Shares Dip 5% As Justice Department Pushes Chrome Sale
Forbes· 2024-11-21 19:54
ToplineGoogle parent Alphabet’s shares fell more than 5% on Thursday, pacing for what would be the stock’s largest selloff in 10 months after the Justice Department requested Google to divest its Chrome browser to “permanently stop” the company’s monopoly over the search engine market.Federal officials said the divestment would “permanently stop” Google’s control over the search ... [+] engine monopoly.SOPA Images/LightRocket via Getty Images Key FactsShares of Alphabet dropped to just over $166 as of aroun ...
What does the US Department of Justice want Google to do?
The Guardian· 2024-11-21 18:38
The US Department of Justice has proposed a range of punchy remedies to address Google’s dominance of the internet search market, including the forced divestment of its Chrome browser.Google said the proposals represented a “radical interventionist agenda” that would harm America’s standing as a tech superpower.Big tech’s power, and whether and how it should be tamed, has become a political and regulatory talking point on both sides of the Atlantic. This will be one of the defining confrontations of that de ...
Alphabet shares slide 6% following DOJ push for Google to divest Chrome
CNBC· 2024-11-21 17:35
Alphabet shares slid 6% Thursday, following news that the Department of Justice is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would, according to the DOJ in its Wednesday filing, "permanently stop Google's control of this critical search access point and allow rival search engines the ability to access the browser that for many users is a gateway to the internet."This development is the latest in a years-long, bipartisan antitrust case that fo ...