The Court of Justice of the European Union (CJEU), Europe’s highest court of appeal, has definitively upheld a record-setting €4.1 billion ($4.67 billion) antitrust fine against Google and its parent company, Alphabet. The ruling officially dismisses Google’s final appeal and solidifies the penalty originally levied in 2018 for anti-competitive practices surrounding its Android operating system….
Google is seeking to avoid a forced sale of part of its online advertising business in its latest faceoff with US antitrust enforcers. The trial is the government’s next best shot at curbing what a judge has ruled is Google’s monopoly power, after losing a separate bid to make Google sell its Chrome browser earlier…
Image: Reuters Alphabet shares closed more than 9% higher on Wednesday after a US judge ruled against breaking up the Google parent, clearing a major regulatory overhang and adding about US$210- billion to the company’s market value. The ruling on Tuesday by Amit Mehta allows Google to retain control of its Chrome browser and Android mobile…
Alphabet shares rose 9.14% on Wednesday as investors viewed the result of Google’s antitrust case as broadly favorable to the tech giant. Wednesday’s gain added $234 billion to the company’s market cap. Apple closed 3.81% higher, adding $130 billion to its cap. The U.S. Department of Justice had proposed a sort of breakup of Google,…
In a significant legal victory, Epic Games has won its appeal against Google, with the Ninth Circuit Court of Appeals affirming a 2023 unanimous jury verdict that found Google’s app store and payments system to be illegal monopolies. Epic CEO Tim Sweeney celebrated the news, tweeting, “Total victory in the Epic v Google appeal!” Read:…
