Google stock hammered after DOJ calls for Chrome sale
Briefly

In September, U.S. District Judge Amit Mehta ruled Google had illegally monopolized the search market with tens of billions of dollars in payments to ensure it remained the default search engine on smartphones and web browsers. Beyond calling for a stop to those practices, the DOJ also wants to stop Google from making itself the default search option on its line of Pixel smartphones.
Kent Walker stated, 'DOJ's approach would result in unprecedented government overreach that would harm American consumers, developers, and small businesses-and jeopardize America's global economic and technological leadership at precisely the moment it's needed most.'
The ruling on the anticompetitive payments could potentially help the company's bottom line. Those expenses totaled $40 billion in the first nine months of 2024, or nearly 40% of the company's cost of revenue.
Read at Fortune
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