"The U.S. Department of Justice filed an appeal on Tuesday in response to a ruling that did not mandate Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary Google to sell off its Chrome browser or terminate its profitable agreement with Apple Inc. (NASDAQ:AAPL) as the default search engine on new devices. In a post on X on late Tuesday, the DOJ Antitrust Division announced, "Today, the DOJ Antitrust Division filed notice that it will cross-appeal from the remedies decisions in its case against Google's unlawful monopolization of internet search and search advertising.""
"Benzinga's Edge Rankings place Google in the 93rd percentile for quality and the 92nd percentile for momentum, reflecting its strong performance in both areas. Benzinga's screener allows you to compare Google's performance with its peers. Price Action: Over the past year, Alphabet stock surged 64.03%, as per data from Benzinga Pro. On Tuesday, the stock edged 1.22% lower to close at $340.70."
The U.S. Department of Justice filed a cross-appeal from remedies decisions after a ruling that did not require Google to sell the Chrome browser or end its default search agreement with Apple. The DOJ Antitrust Division announced on X that it will cross-appeal remedies in its case alleging unlawful monopolization of internet search and search advertising. The DOJ had sought a forced Chrome sale and changes to AdX. Alphabet is scheduled to report fourth-quarter earnings after the bell. Benzinga ranks Google in the 93rd percentile for quality and 92nd for momentum; Alphabet shares rose 64.03% over the past year and closed at $340.70, down 1.22% on Tuesday.
Read at Benzinga
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