Alphabet Stock Pops After Google Antitrust Ruling: What to Know
Briefly

Alphabet Stock Pops After Google Antitrust Ruling: What to Know
""Today's decision recognizes how much the industry has changed through the advent of AI, which is giving people so many more ways to find information," Google said in a statement. "Now the Court has imposed limits on how we distribute Google services, and will require us to share Search data with rivals. We have concerns about how these requirements will impact our users and their privacy, and we're reviewing the decision closely.""
""Last summer, Mehta ruled that Google had unlawfully maintained a monopoly in search and text advertising and that its distribution agreements were "exclusive and have anticompetitive effects." And in November, Department of Justice officials expressed their support for forcing Google to sell Chrome. But in his ruling on Tuesday, Mehta admitted that the marketplace is changing, due in part to the emergence of artificial intelligence ( AI).""
U.S. District Judge Amit P. Mehta prohibited Alphabet from signing new exclusive search-engine deals while allowing current agreements, including Chrome as the default in Safari, to remain. Mehta previously found that Google unlawfully maintained a monopoly in search and text advertising and that its distribution agreements were anticompetitive. The judge declined to require a Chrome divestiture, citing marketplace changes partly driven by artificial intelligence and cautioning against abrupt disruption. The ruling requires Google to share Chrome search data with competitors. Department of Justice officials had supported forcing a Chrome sale, and Google expressed privacy concerns about data-sharing requirements. Market reaction lifted Alphabet shares and analysts maintained largely positive ratings.
Read at Kiplinger
Unable to calculate read time
[
|
]