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Stockreport

Google remedy hearing on search monopoly begins today. Could the tech giant get broken up? [CBS News]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: CBS News
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The so-called remedy hearing is the consequence of a court ruling last August that found Google is operating a monopoly and uses its dominant market position to crush rivals and put a lid on innovation. The U.S. Department of Justice is arguing that Google should be forced to divest its Chrome browser, which the agency describes as "one of the largest entry points that exists for searches." By selling Chrome, rivals could have a chance to compete for search queries, the government argues, but such a change would drastically reshape Google's parent, Alphabet, a tech giant with a $1.8 trillion market valuation. "Google can compete, but they simply don't want to compete on a level playing field," Justice Department attorney David Dahlquist said on Monday during his opening before the court. "Google is now fearful of competing against rivals who will only get stronger with the proposed remedies in place." The hearing comes just days after Google was branded an abusive monopolist in [Read more]
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Stockreport

Google remedy hearing on search monopoly begins today. Could the tech giant get broken up? [CBS News]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: CBS News
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
The so-called remedy hearing is the consequence of a court ruling last August that found Google is operating a monopoly and uses its dominant market position to crush rivals and put a lid on innovation. The U.S. Department of Justice is arguing that Google should be forced to divest its Chrome browser, which the agency describes as "one of the largest entry points that exists for searches." By selling Chrome, rivals could have a chance to compete for search queries, the government argues, but such a change would drastically reshape Google's parent, Alphabet, a tech giant with a $1.8 trillion market valuation. "Google can compete, but they simply don't want to compete on a level playing field," Justice Department attorney David Dahlquist said on Monday during his opening before the court. "Google is now fearful of competing against rivals who will only get stronger with the proposed remedies in place." The hearing comes just days after Google was branded an abusive monopolist in [Read more]
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