None
EN
Google Stock Jumps 8% After Worst-Case Penalties In Antitrust Case
[]
Geek News Central
Alphabet shares popped 8% in extending trading as investors celebrated what they viewed as minimal consequences from a historic defeat last year in the landmark antitrust case, CNBC reported.
Last year, Google was found to hold an illegal monopoly in its core market of internet search.
U.S. District Court Judge Amit P. Mehta outlined remedies on Tuesday that would bar Google from entering or maintaining exclusive deals that tie the distribution of Search, Chrome, Google Assistant, or Gemini to other apps or revenue or arrangements.
For example, Google wouldn’t be able to condition Play Store licensing on the distribution of certain apps, or tie revenue-share payments to keeping certain apps.
Instead, he ordered Google and the Department of Justice to “meet and confer” and submit a revised final judgement by September 10 that aligns with his opinion.
['google'
'forced'
'payments'
'justice'
'judge'
'stock'
'judgement'
'mehta'
'certain'
'jumps'
'search'
'penalties'
'chrome'
'case'
'worstcase'
'antitrust']