Previous close | 11.75 |
Open | 13.16 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 175.00 |
Expiry date | 2025-06-20 |
Day's range | 11.75 - 13.16 |
Contract range | N/A |
Volume | |
Open interest | N/A |
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 Department of Justice (DOJ) is weighing potential sanctions against Alphabet's Google (GOOG, GOOGL) that could force a breakup of the company and dismantle the tech giant's dominance of the online search market. This comes months after a federal judge ruled that Google violated antitrust law with its search engine, labeling it as a monopolist. The DOJ proposes several remedies, all aimed at ensuring that Google does not pose future harm through its alleged monopolistic behavior. First, the DOJ wants to limit or end the contracts that place Google as the default provider on internet-connected devices in places such as browsers, apps, and AI search tools. DOJ officials also propose that websites should be able to opt out of having Google sweep them for information. This would prevent Google from continuing to bolster its index and give more of its competitors an opportunity in web content. Finally, the DOJ is looking to target Google's search text advertising by potentially licensing its advertising feed. Other proposals include going after Google Chrome, the Play Store, and Android. Google posted a response to the DOJ's proposals, calling it "radical and sweeping," and arguing that it risks "hurting consumers, businesses, and developers." The company added, "We believe that today’s blueprint goes well beyond the legal scope of the Court’s decision about Search distribution contracts." Yahoo Finance Senior Legal Reporter Alexis Keenan examines the framework proposed by the DOJ as the trial moves forward in the remedies phase and how it may impact the broader tech sector. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl
The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company's research dominance and how breakthroughs in computer science ought to be recognised. Google has been at the forefront of AI research, but has been forced on the defensive as it tackles competitive pressure from Microsoft-backed OpenAI and mounting regulatory scrutiny from the U.S Department of Justice. On Wednesday, Demis Hassabis – co-founder of Google's AI unit DeepMind – and colleague John Jumper were awarded the Nobel prize in chemistry, alongside U.S. biochemist David Baker, for their work decoding the structures of microscopic proteins.