Google’s competitors seek to mitigate its monopoly position. In this context, the papers fell 1.7% on Wall Street.
Shares of Alphabet, Google’s parent company, started sinking this Friday on Wall Streetalthough it later cut the fall. The negative variation occurred after a request to justice for the company to put the Chrome browser on salewith the aim of mitigate monopoly position of the company against the demands of its competitors.
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According to what has emerged, the court document alleges that Alphabet must sell Chrome to a buyer approved by the US Government considering that this browser, together with the Android system, are the “key methods” for the distribution of search engines to consumers.


At the moment, the sale of Android does not appear to be an obligation for the company, although Justice warns that it could become so if the measures, which in addition to the sale of Chrome, include the ban on returning to the browser market for five years and the obligation to share data and search results with your competitorsdo not have the expected effect on competition.
In parallel, the company You will not be able to make payments to other companies to include Google as their search engine default, what It could mean the end of the contracts it currently has with Apple.
Impact on stocks
If the judge accepts the proposals, there will be a transformation in the online search market and the burgeoning AI industry. The case against Google, which began during the first administration of Donald Trump and continued under that of Joe Biden, had a before and after in August.
In this framework, Alphabet shares fell 1.7% on the New York Stock Exchange.
Lee-Anne Mulhollandvice president of regulatory affairs at Google, stated that the US Department of Justice “continues to push a radical agenda that goes far beyond the legal issues of this case.” “If the government puts its finger on the scale in this way, would harm consumers, developers, and American technology leadership precisely at a time when it is needed most“, he concluded.
Source: Ambito