Peak Hours News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Stock

Factbox-US prosecutors demand Google divest Chrome to end search monopoly

by November 21, 2024
written by November 21, 2024

(Reuters) – U.S. prosecutors on Wednesday argued to a judge that Google (NASDAQ:GOOGL) must sell its Chrome browser, share data, and search results with rivals, and take a range of other measures to end its monopoly on online search.

The proposals are wide-ranging, including barring Google from re-entering the browser market for five years and insisting Google sell its Android mobile operating system if other remedies fail to restore competition.

Here are some of the demands that the U.S. Justice Department (DOJ) lawyers have made in the case:

DIVEST CHROME BROWSER

Google must promptly and fully divest its Chrome browser to a buyer approved by the U.S. government.

Google’s ownership of Chrome and the Android operating system poses a significant challenge to entrants and competitors, as they are the “key methods” for the distribution of search engines to consumers.

ANDROID OPERATING SYSTEM

Google may elect to fully divest Android to a buyer approved by the U.S. government. If Google chooses to retain control of Android but fails to comply with presented remedies, the government may petition the court to order the divesture of Android.

BROWSER OWNERSHIP

Google should be prohibited from owning a browser or having any investment in a search or search text ad rival, search distributor, or rival query-based AI product or ads technology for five years after the divestiture of Chrome.

GOOGLE SEARCH CONTRACTS

Google should be prohibited from making payments to third parties to make Google the default general search engine in their products, including ending exclusive agreements in which Google pays billions of dollars annually to Apple (NASDAQ:AAPL).

AGREEMENTS WITH PUBLISHERS

Google should not enter into a contract with a publisher to license data that provides the search engine giant with exclusivity to the publisher’s content.

GOOGLE SEARCH PREFERENCE

Google should not use any assets it owns or operates to give preference to its own search engine, search text ads, or AI products.

DATA SHARING

Google would be required under the proposals to license search results to competitors at nominal cost and share data it gathers from users with competitors for free. It would be barred from collecting any user data that it cannot share due to privacy concerns.

This post appeared first on investing.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
Amazon likely to face investigation under EU tech rules next year, sources say
next post
Goldman downgrades XPeng to “neutral” amid competitive pressures

You may also like

BASF results down on impairments, restructuring

January 27, 2025

Adani, Ambani news units sue OpenAI over copyright,...

January 27, 2025

China’s DeepSeek sets off AI market rout

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025
Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.









    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      June 20, 2025
    • Apple looking to make ‘premium’-priced folding iPhones starting next year, analyst says

      June 20, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave

      June 19, 2025
    • Amazon expects to cut corporate jobs as it relies more on AI

      June 19, 2025
    • DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams

      June 19, 2025

    Categories

    • Economy (484)
    • Editor's Pick (10)
    • Investing (895)
    • Stock (798)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: peakhoursnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Back To Top
    Peak Hours News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick