August 05  SEONews

Google Loses Justice Department Antitrust Suit Over Search (1) – Bloomberg Law

Google’s payments to make its search engine the default option on smartphone web browsers violate US antitrust law, a federal judge ruled Monday, handing a key victory to the Justice Department.

Judge Amit Mehta in Washington said that the Alphabet Inc. unit’s $26 billion in payments effectively blocked any other competitor from succeeding in the market.

“Google’s distribution agreements foreclose a substantial portion of the general search services market and impair rivals’ opportunities to compete,” Mehta said in a 286-page ruling.

Alphabet shares slipped 4.6% to $160.71. Apple Inc., which depending on the remedy could stand to lose billions in payments Google makes to have its search engine be the default browser on iPhones, fell 6.7% to $204.77.

The Justice Department didn’t immediately have a comment. Google didn’t respond to a request for comment.

Antitrust enforcers alleged that Google has illegally maintained a monopoly over online search and related advertising. The…

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source: https://news.oneseocompany.com/2024/08/05/google-loses-justice-department-antitrust-suit-over-search-1-bloomberg-law_2024080557867.html

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