Shares of Google parent plunge after DOJ seeks forced selloff of Chrome browser
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Shares of Alphabet, Google's parent company, dropped over 6% after the DOJ recommended a selloff of Google's Chrome browser to address its monopoly in online search.
November 21, 2024 | 5:30 pm
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Alphabet's stock fell more than 6% following the DOJ's recommendation to sell off Google's Chrome browser as a remedy for its monopoly in online search.
The DOJ's recommendation for a selloff of Chrome is a significant regulatory challenge for Alphabet, directly impacting its business model and market perception, leading to a sharp decline in stock price.
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IMPORTANCE 90
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