A trial addressing potential remedies for Google's monopoly in online advertising is set for September 22. U.S. District Court Judge Leonie Brinkema ruled that Google willfully acquired monopoly power in this space, a finding echoed by her previous decision on its monopoly in internet search. This case, the most significant antitrust issue in the tech sector since the Microsoft lawsuit, comes amidst increased competition in the generative AI market and is critical as Alphabet aims to avoid a business break-up. GOOGL's stock has already seen a 13% decline this year.
The U.S. antitrust case involving Alphabet's Google will discuss remedies for its monopoly in online advertising, with a trial set for September 22.
Judge Leonie Brinkema's ruling declared Google liable for willfully acquiring monopoly power in online advertising, marking a significant development in tech industry antitrust cases.
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