谷歌被判非法垄断！处罚“轻描淡写”，股价应声大涨……

Core Viewpoint - The court ruling on Google's search monopoly case is perceived by investors as a "low-cost penalty," resulting in a significant increase in Alphabet's market value by nearly $200 billion overnight [1][3]. Summary by Sections Court Ruling - The U.S. District Court judge Amit Mehta ruled that Google maintained an illegal monopoly through exclusive contractual practices, but did not impose the harshest measures proposed by the Department of Justice (DOJ) [1][2]. - The court required Google to open some key search data to competitors, which is seen as a crucial step to promote fair competition [2]. Financial Impact - Following the ruling, Alphabet's stock price rose nearly 7% in after-hours trading, leading to a market capitalization increase of approximately $200 billion [3]. - Apple's stock also benefited from the ruling, rising nearly 3% as it retained its default search partnership with Google [3]. Competitive Landscape - The ruling acknowledges the changing competitive landscape due to the rise of AI, suggesting that users now have more choices [3]. - The court's decision to not ban Google's default search engine deals, which are worth up to $26 billion annually, indicates a belief that such a ban could be more harmful than beneficial [2][8]. Future Legal Challenges - The legal battle for Google is not over, as it faces another antitrust lawsuit regarding its digital advertising business, which is expected to begin later this month [9]. - The outcome of this case could lead to structural changes in Google's advertising network, further impacting its market position [9].