Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

The US Justice Department and a group of states have filed a proposal that would require Google to sell its Chrome browser and take drastic steps to end its monopoly on internet searches. The proposal comes after a judge ruled that Google’s dominance in general search services and search text advertising was indeed an illegal monopoly.

The proposed remedies are far-reaching and would significantly impact Google’s business operations. In addition to selling Chrome, Google would also be required to sell its Android operating system and be barred from owning or acquiring any interest in search or search text ad rivals for five years. This would prevent Google from stifling emerging competition or reducing the incentives of potential rivals to challenge its dominance.

Other proposed measures include preventing Google from cutting exclusive deals with manufacturers to set itself as the default search engine in devices, increasing performance and price transparency to advertisers, and sharing data with rivals. The proposal also calls for an end to exclusive deals that harm rivals, promoting a more level playing field in the search engine market.

Google stock price 21.11.2024

The US Justice Department and the group of states argue that Google’s financial entanglements with current or future rivals pose a significant risk to the proposed remedy. By requiring Google to sell its Chrome browser and take other major steps, the proposal aims to promote competition and innovation in the search engine market, ultimately benefiting consumers.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • GBP/USD close to one-month lowsGBP/USD close to one-month lows British pound traded near one-month lows against the US dollar during early US Tuesday trade, despite optimistic UK construction data, ahead of meetings by the Bank of England and the European Central Bank later in the week.GBP/USD pair […]
  • Corn extends losses for a second dayCorn extends losses for a second day Corn dropped for a second day in a row as planting in the U.S. advanced last week and is near completion. According to the U.S. Department of Agricultures report yesterday, around 91% of the corn crop in the worlds largest grower has been […]
  • Commodity Market: US Crude Oil on track for a weekly loss as resurgent virus adds to fuel demand worriesCommodity Market: US Crude Oil on track for a weekly loss as resurgent virus adds to fuel demand worries Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Friday, supported by a drop in US crude oil, gasoline and distillate inventories last week, as reported by the Energy Information […]
  • Coca-Cola announces an 8.4% fourth-quarter profit declineCoca-Cola announces an 8.4% fourth-quarter profit decline Coca-Cola Co., which is currently the biggest beverage company in the world, announced that its profit for the fourth quarter decreased by 8.4%. The company also revealed that it is considering to start using a new cost-cutting program in […]
  • Switzerland investor optimism cools in MaySwitzerland investor optimism cools in May The investors’ sentiment index for Switzerland was reported to have decreased to a level of 17.5 in May from a 2 1/2-year high of 18.2 in April.According to UBS, which collaborates with the CFA Society Switzerland to publish the data, […]
  • Forex Market: USD/CAD daily forecastForex Market: USD/CAD daily forecast During yesterday’s trading session USD/CAD traded within the range of 1.0917-1.0960 and closed at 1.0922.At 11:07 GMT today USD/CAD was gaining 0.08% for the day to trade at 1.0932. The pair touched a daily high at 1.0932 at 11:06 […]