Wednesday, October 9, 2024

US Antitrust Officials Consider Google Breakup As 'Trustbusting Era' May Return

The US Department of Justice and a group of states submitted a document detailing a proposed remedy framework in the ongoing antitrust case against big tech giant Google.

Antitrust enforcers said Google colluded with other big tech companies to make its search engine the default option on devices.

On Aug. 5, US District Judge Amit Mehta, Washington, DC, ruled that Google violated antitrust law by spending billions of dollars to create an illegal monopoly as the world's default search engine on smartphones, computers, and tablets.

Antitrust pressure has been building, with multiple cases being pushed against Google.

Daniel Ives, managing director and senior equity analyst at Wedbush Securities, commented on Google's potential breakup, indicating it's "unlikely at this point despite the antitrust swirls," adding, "Google will battle this in the courts for years."

The ruling paved the way for antitrust enforcers to submit a 32-page document on Tuesday that explained the potential remedies for the judge to consider as the case moves into the remedy phase.

Across the Atlantic, European Union watchdogs have voiced similar concerns with antitrust enforcers in the US about the need to break up Google's businesses. 

https://www.zerohedge.com/technology/us-antitrust-officials-consider-google-breakup-trustbusting-era-may-return

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