Google Search Antitrust Suit Narrowed By Federal Judge Ahead Of Trial
Portfolio Pulse from Benzinga Newsdesk
A federal judge has narrowed the scope of the antitrust lawsuit against Google Search, ahead of the trial. The judge dismissed some of the claims but allowed the case to proceed on the core issue of Google's alleged monopolistic practices.
August 04, 2023 | 6:27 pm
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POSITIVE IMPACT
The narrowing of the antitrust lawsuit against Google Search could potentially reduce the severity of any penalties if Google is found guilty, which may have a positive impact on Google's stock in the short term.
The narrowing of the lawsuit means that some of the claims against Google have been dismissed, which could potentially reduce the severity of any penalties if Google is found guilty. This could be seen as a positive development by investors, leading to a potential increase in Google's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The narrowing of the antitrust lawsuit against Google Search could potentially reduce the severity of any penalties if Google is found guilty, which may have a positive impact on Alphabet's stock in the short term.
The narrowing of the lawsuit means that some of the claims against Google have been dismissed, which could potentially reduce the severity of any penalties if Google is found guilty. This could be seen as a positive development by investors, leading to a potential increase in Alphabet's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100