Justice Department considers Google breakup proposal—here’s what happens now – Fortune
Alphabet Inc.’s Google lost the biggest antitrust challenge it has faced when a US judge found Aug. 5 that it illegally monopolized the search market. It was a major win for state attorneys general and the US Justice Department, which has begun considering proposing the breakup of the 25-year-old company.
Judge Amit Mehta of the US District Court for the District of Columbia ruled that $26 billion in payments that Google made to other companies to make its search engine the default option on smartphones and web browsers effectively blocked any other competitor from succeeding in the market. Mehta’s ruling came after a 10-week trial in 2023 — the first on monopolization charges to pit the federal government against a US technology company in more than two decades.
The case is one of several antitrust actions against big tech companies being pursued by the administration of President Joe Biden, which has made promoting competition in commerce central to its economic policy.
1. What…
The post Justice Department considers Google breakup proposal—here’s what happens now – Fortune first appeared on One SEO Company News.
source: https://news.oneseocompany.com/2024/08/14/justice-department-considers-google-breakup-proposalheres-what-happens-now-fortune_2024081458013.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.