Shares of Google parent Alphabet plunged more than 6% in trading Thursday after the Justice Department recommended that a federal judge order a selloff of Google’s Chrome web browser – one of sever…
Shares of Google parent Alphabet plunged more than 6% on Thursday after the Justice Department asked a federal judge to The stock drop signaled anxiety on Wall Street about Google ’s future after DOJ attorneys outlined the set of proposed corrections for Google ’s business in filings late Wednesday.Any remedies ordered by Mehta could have devastating consequences for an empire that generates more than $300 billion in revenue per year.
Government lawyers also want Google to be required to share data with rival search firms for a decade and stop “self-preferencing” its own products, such as YouTube or the Gemini AI chatbot. “DOJ’s wildly overbroad proposal goes miles beyond the Court’s decision,” Walker said in the post. “It would break a range of Google products – even beyond Search – that people love and find helpful in their everyday lives.”5DuckDuckGo, a rival search engine whose founder Gabriel Weinberg testified against Google during the trial, was among those who spoke in favor of the outline.
“Chrome is worth billions to Google but not on the open market,” Gurman said. “And any company that buys it would just be creating a new monopoly.”
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