Google Will Survive AI and Breakup Calls. Why Alphabet Stock Could Gain 50%.
Google-parent Alphabet is facing pressure on two fronts—the government and a host of new AI-powered search rivals. It has the capacity to meet both challenges and its stock can continue to prosper.
Google stock falls as antitrust regulators push for a breakup
The Justice Department wants the search giant to divest the Chrome web browser, among other provisions designed to limit its market power.
Google stock hammered after DOJ calls for Chrome sale
The Justice Department is looking to break up one of America’s most powerful companies following a court ruling in September that found Google violated antitrust law. Shares of Google-parent Alphabet plunged over 5% Thursday after prosecutors outlined proposed remedies that would significantly alter how the search giant conducts its business.
Will the DOJ’s proposal to break up Google survive the incoming administration?
Google has called the proposal “staggering” and “radical,” claiming it would hurt both the company and the American people. But many have welcomed the move by the DOJ and
Justice Department calls for Google to break off Chrome web browser
The Justice Department on Wednesday asked a judge to force tech giant Google to break off its Chrome web browser.
DOJ calls for breakup of Google and sale of Chrome
The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market.
Justice Department calls for break up of Google and sale of Chrome
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
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