Google Loses DOJ Antitrust Suit Over Search; Judge Finds Search Giant Violated Antitrust Law
Portfolio Pulse from Benzinga Newsdesk
Google has lost a DOJ antitrust suit over its search practices, with a judge finding that the company violated antitrust laws.
August 05, 2024 | 6:47 pm
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NEGATIVE IMPACT
Google has been found in violation of antitrust laws by a judge in a DOJ suit concerning its search practices.
The ruling against Google in the DOJ antitrust suit is likely to have a negative short-term impact on its stock price due to potential fines, regulatory changes, and damage to its reputation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Google's parent company, Alphabet, has been found in violation of antitrust laws by a judge in a DOJ suit concerning its search practices.
The ruling against Alphabet in the DOJ antitrust suit is likely to have a negative short-term impact on its stock price due to potential fines, regulatory changes, and damage to its reputation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100