financetom
Business
financetom
/
Business
/
Market Chatter: Google Loses DOJ Antitrust Suit Over Default Search Engine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Google Loses DOJ Antitrust Suit Over Default Search Engine
Aug 5, 2024 12:37 PM

03:05 PM EDT, 08/05/2024 (MT Newswires) -- The payments Alphabet's (GOOG) Google ( GOOG ) makes to make its search engine the default on smartphone web browsers violates US law, Bloomberg reported Friday, citing the ruling from Judge Amit Mehta for the US District Court for the District of Columbia.

The decision marks a critical victory for the Department of Justice, which argued that Google's ( GOOG ) $26 billion payments effectively prevented competition from succeeding, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 161.71, Change: -6.69, Percent Change: -3.97

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved