The U.S. Department of Justice is considering an option to break up Google after a judge ruled the tech giant ‘has exercised monopoly power’ and violated antitrust law.
Federal Judge Rules “Google Is A Monopolist”
“A Justice Department spokesperson said it is evaluating the court’s decision and will assess the appropriate next steps consistent with the court’s direction and the applicable legal framework for antitrust remedies,” Reuters reports.
The Justice Department has not made a final decision on the matter.
NEWS: A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, reports @leah_nylen @annaedge4 citing sources$GOOGL down 1% in AH
— Ed Ludlow (@EdLudlow) August 13, 2024
Per Reuters:
The verdict, delivered last week, held that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world’s default search engine. The ruling is seen as the first big win for federal authorities taking on the market dominance of Big Tech.
The DOJ’s other options include forcing Google to share data with competitors and instating measures to