Google Shares Are 4.56% On U.S. Justice Department's 'Sell Chrom' Request ↓

2024.11.22. AM 08:27
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Google parent Alphabet shares closed at $169.24 on news that the U.S. Department of Justice asked the court to order the forced sale of Google Web browser Chrome, down 4.56% from the previous day.

Its market capitalization also fell one place to fifth place in the market capitalization ranking, falling behind Amazon to $2.1 trillion.

The move comes after the Justice Department asked a federal court in Washington, D.C., to order the forced sale of Chrome as a way to eliminate its online search market monopoly in connection with an anti-trust lawsuit against Google the previous day.

In August, a federal court in Washington, D.C., ruled in favor of the Justice Department over a Google antitrust lawsuit filed by the department, calling for it to come up with a plan to eliminate Google's monopoly.

The Justice Department asked the court to allow the government to force Android to sell it if it doesn't improve, saying the monopoly issue of Android, a smartphone operating system, must also be resolved.




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