Alphabet slips on report of DOJ push to force Google to divest Chrome

Grafa2024-11-19

Alphabet (NASDAQ:GOOGL), the parent company of Google, saw its shares dip in premarket trading on Tuesday after reports emerged that the U.S. Department of Justice (DOJ) intends to ask a judge to force the tech giant to divest its Chrome internet browser.

According to Bloomberg News, citing sources familiar with the matter, the DOJ will also seek additional remedies related to artificial intelligence (AI) and the Android mobile operating system.

The move comes after a landmark ruling in August where a U.S. District Judge found Google guilty of illegally monopolizing the search market.

Alphabet plans to appeal the judge's final ruling, expected by August 2025.

Despite the latest legal setback, Alphabet's stock has seen a significant 25% increase year-to-date.

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