Google stock hammered after DOJ calls for Chrome sale [Fortune]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Fortune
Shares of Google -parent Alphabet plunged over 5% Thursday after prosecutors outlined proposed remedies that would significantly alter how the search giant conducts its business. In September, U.S. District Judge Amit Mehta ruled Google had illegally monopolized the search market with tens of billions of dollars in payments to ensure it remained the default search engine on smartphones and web browsers. Beyond calling for a stop to those practices, the DOJ also wants to stop Google from making itself the default search option on its line of Pixel smartphones. Most notably, however, the agency also called on the judge to force the company to sell its flagship Chrome browser. Alphabet's Class C shares closed the day down 4.5% and then dropped further in after-hours trading. In response, chief legal officer Kent Walker said the proposed remedies would endanger Americans' security and privacy, as well as chill the company's investments in artificial intelligence. “DOJ's approach w
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News
- Google stock hammered after DOJ calls for Chrome sale [Yahoo! Finance]Yahoo! Finance
- CNBC Daily Open: Expectations can be an irrational thing. Just look at Nvidia [CNBC]CNBC
- Google could be forced to sell Chrome. Here's what you need to know [Los Angeles Times (CA)]Los Angeles Times
- Why The DOJ Is Trying To Curtail Google's AI Future [Forbes]Forbes
- Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out. [Business Insider]Business Insider
GOOG
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- 10/29/24 - Beat
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Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/20/24 - Form 144
- GOOG's page on the SEC website