Google's search business is all about distribution. The DOJ wants to take this away, and it's freaking investors out. [Business Insider]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Business Insider
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. The DOJ's remedies cut to the heart of how Google distributes its search engine and how that broad reach is key to the company's dominance of this crucial and lucrative market. The government's suggestion that Google be forced to sell Chrome initially grabbed the headlines. But, on Thursday, the potential crackdown on all distribution deals caught investors' attention. The US government's lawyers said Google should be banned from offering "anything of value for any form" of search distribution. That especially includes Apple, but also covers any other partner or company, with limited exceptions, according to the DOJ's executive summary ISI Evercore internet analyst Mark Mah
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- 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 stock hammered after DOJ calls for Chrome sale [Fortune]Fortune
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