Alphabet shares jump as US court ruling eases antitrust concerns

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Google-parent Alphabet surged 6% in premarket trading on Wednesday after a US federal judge spared the company from a forced breakup in an antitrust case, marking a pivotal moment for the tech giant whose dominance in search and mobile ecosystems has long drawn scrutiny.

The ruling by Judge Amit Mehta allows Google to retain control of its Chrome browser and Android mobile operating system, while barring certain exclusive contracts with device makers and browser developers. Google can continue making payments to partners such as Apple to feature its



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Alphabet shares jump as US court ruling eases antitrust concerns



Google-parent Alphabet surged 6% in premarket trading on Wednesday after a US federal judge spared the company from a forced breakup in an antitrust case, marking a pivotal moment for the tech giant whose dominance in search and mobile ecosystems has long drawn scrutiny.

The ruling by Judge Amit Mehta allows Google to retain control of its Chrome browser and Android mobile operating system, while barring certain exclusive contracts with device makers and browser developers. Google can continue making payments to partners such as Apple to feature its



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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