Google says it could loosen search deals in US antitrust case
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Google, a subsidiary of Alphabet, has proposed to loosen its agreements with Apple and others to set Google as the default search engine on new devices. This move is in response to a U.S. ruling that Google unlawfully dominates online search.
December 21, 2024 | 3:30 am
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Google, under Alphabet, is addressing a U.S. antitrust ruling by proposing to loosen its default search engine agreements with Apple and others. This could impact Google's market dominance and revenue from search engine partnerships.
The proposal to loosen search engine agreements is a direct response to regulatory pressure, which could reduce Google's dominance in the search engine market. This may lead to decreased revenue from partnerships, negatively impacting short-term stock performance.
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