Google faces a reckoningShares in Alphabet, Google’s parent company, were down in premarket trading on Wednesday on news that the Justice Department is said to be considering breaking up the technology giant for maintaining an illegal search monopoly.
That would be a devastating blow for the company, but it could also have huge ramifications for the broader tech sector, with Apple, Amazon and Meta all facing their own antitrust battles with the government.
A recap: In a ruling last week, Judge Amit Mehta of the U.S. District Court for the District of Columbia agreed with the government and multiple states that Google’s dominance in search was constraining competition.
Google said it would appeal.
Mehta has asked both parties to submit suggested remedies by Sept. 4, with a hearing set to take place two days later.
Persons:
Amit Mehta, Mehta
Organizations:
Google, Justice, Apple, U.S, District of Columbia