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Alphabet Shares Dip As DOJ Seeks Sale Of Google Chrome & Other Remedies After Antitrust Win
Shares of mighty Alphabet are down over 6% today after the U.S. Department of Justice said it should be forced to sell Chrome among other remedies after losing a landmark antitrust case in August.
Shares of mighty Alphabet are down about 7% today after the U.S. Department of Justice said it should sell its Chrome web browser among other remedies after the tech giant lost a landmark antitrust case last summer. Government lawyers said in a filing that splitting Google ’s dominant search engine from Chrome, which controls about two-thirds of the browser market, as well as from its Android operating system, is necessary to ensure a competitive Internet. “The remedy must enable and encourage the development of an unfettered search ecosystem that induces entry, competition and innovation as rivals vie to win the business of consumers and advertisers,” the department said.
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