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US urges Google to divest Chrome, Alphabet stock drops 4%
Alphabet shares declined 4% on Thursday after the United States Department of Justice (DOJ) filed a motion urging Google to divest its Chrome browser.
This filing is part of an antitrust case aimed at limiting Google’s control over web search access to boost competition among search engines.
The DOJ’s filing is part of a lengthy bipartisan antitrust effort against Google. Its current request seeks to break Google’s stronghold on key internet access points.
The DOJ contends that selling Chrome could create a fairer market for rival search engines.
Recent Google developments
| Timeline |
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18-Nov-2024 📉 Google, Meta, others cut staff perks amid economic concerns
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15-Nov-2024 🤖 Google launches Gemini app on iPhone with new live mode
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12-Nov-2024 📚 Google unveils experimental AI tool to enhance education
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11-Nov-2024 📉 Google Cloud eyes new leader to meet China growth target
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04-Nov-2024 ☁️ Google Cloud’s growth outpaces AWS in Q3
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