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unusual_whales @unusual_whales@masto.ai
JUST IN: The US Justice Department is considering breaking up Alphabet's Google, $GOOGL, per Bloomberg.
Officials were also considering trying to force a possible sale of AdWords, Google's search ad program, and a possible divestment of its Chrome web browser, according to the report.
Read more: https://t.co/9ii7s5F0uX
Unusual Whales - News · The US Justice Department is considering breaking up Alphabet's Google, $GOOGLThe U.S. Department of Justice is exploring options that may include breaking up Alphabet's Google, following a recent court ruling that found the tech giant had illegally monopolized the online search market, according to Bloomberg News.
Shares of the California-based company fell about 3% at 1401 GMT on Wednesday, dipping further in after-hours trading after Bloomberg's report was published late on Tuesday.
A Justice Department spokesperson stated that the department is reviewing the court's
@unusual_whales
Someone check my memory.
I seem to recall our government prosecuting Microsoft for the same thing many years ago -- being an illegal monopoly.
Back in those days you couldn't buy a personal computer without it including a license for the Windows operating system, whether you wanted it or not.
And as I recall, the lower court was going to break up the company but the appellate court overturned it.