As the Justice Department seeks to possibly break up Google, the search giant's parent company's stock has barely moved.
Following Google's (GOOG, GOOGL) defeat in an antitrust case in August, the US Department of Justice (DOJ) is now pushing for changes to the tech giant's search business through "behavioral and structural remedies." New York University Law Professor Harry First joins Market Domination to discuss the likelihood of these remedies being implemented. First suggests that "the odds are medium" for the judge to rule in favor of breaking up the tech giant, noting there are "several hurdles" to overcome, outlining three big steps: First, the government plaintiffs "have to actually ask" for a break-up; second, the judge trying the case must agree, though First notes the judge will likely be "cautious"; and finally, the judge will need to convince a court of appeals to support such a decision. The discussion draws parallels between this case and a similar antitrust suit filed levied against Microsoft (MSFT) in 2000, with First providing detailed insights. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
The man charged with overseeing Google’s operations in Europe, the Middle East, and Asia has stepped down after a decade in post. Matt Brittin first joined the tech giant as head of UK and Ireland operations in 2007, before rising through the ranks to become vice president of northern and central Europe, and then EMEA president in 2014. Prior to his time at Google, Brittin spent several years working as a consultant for McKinsey & Co, as well as a stint as commercial director Trinity Mirror, later rebranded as Reach PLC.