Written by 11:07 AM World

The US Department of Justice’s consideration of the possibility of dismantling Google resulted in a 2.3% decrease in Alphabet’s stock price.


,
,
, ‘Google, the world’s largest search engine company, saw its parent company Alphabet’s stock price drop more than 2% on the 14th (local time) due to concerns that the business sector could be dismantled if Google loses the antitrust lawsuit in the search market.’,
,
, ‘On that day, Alphabet’s stock price closed at $162.03 (₩225,522), down 2.35% from the previous day on the New York Stock Exchange.’,
,
, ‘At one point during the trading session, it dropped by about 4% and fell below $160, but then the decline was reduced.’,
,
, ‘Alphabet’s decline was compared to the stock prices of other companies like Apple (0.20%), Microsoft (0.69%), NVIDIA (1.67%), and Amazon (-0.08%).’,
,
, ‘As a result, Alphabet’s market capitalization, which exceeded $2 trillion, also fell to $1.982 trillion.’,
,
, ‘The drop in stock price on that day is interpreted as being related to reports that the US authorities, who recently won in the first instance in the antitrust lawsuit against Google in the online search market, are considering the possibility of dismantling Google.’,
,
, ‘Earlier, Bloomberg reported that the Department of Justice is considering forcing Google to separate its Android operating system (OS) and Chrome web browser to prevent monopolistic practices, or to force the sale of its advertising service provider, AdWords, citing multiple anonymous sources.’,
,
, ‘On the 5th, the Federal Court in Washington, D.C., ruled that “Google is a monopoly” and determined that it was illegal for Google to pay around $26 billion (about ₩35 trillion) to Apple and others to set its search engine as the default on smartphone web browsers.’,
,
, ‘The court ruled only on whether Google violated antitrust laws, and a decision on specific punishments and measures will be made later.’,
,
, ‘However, the Department of Justice’s market competition enhancement measures, including corporate dismantling, must be approved by the court, and given that Google has indicated it will appeal, a final decision is expected to take several years.’,
,
,

Your tips can become news.SBS Biz is waiting for your tips.Homepage = https://url.kr/9pghjn

,

Visited 2 times, 1 visit(s) today
Close Search Window
Close