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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
18-Nov-2024 📉 Google, Meta, others cut staff perks amid economic concerns
  • Tech firms cut perks amid economic concerns
  • Meta laid off 11,000 employees, 13% of workforce
15-Nov-2024 🤖 Google launches Gemini app on iPhone with new live mode
  • Google launches Gemini chatbot app for iPhone.
  • New chat mode allows more conversational interactions.
12-Nov-2024 📚 Google unveils experimental AI tool to enhance education
  • Google launches Learn About, an AI education tool.
  • It offers interactive responses, unlike Gemini and ChatGPT.
11-Nov-2024 📉 Google Cloud eyes new leader to meet China growth target
  • Kathy Lee steps down as Google Cloud’s China head.
  • Bin Shen rumored to succeed her amid growth challenges.
04-Nov-2024 ☁️ Google Cloud’s growth outpaces AWS in Q3
  • Google Cloud revenue up 35% in Q3 2023
  • AI focus now 13% of Alphabet’s total sales

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