Reported about 23 hours ago
Shares of Alphabet dropped 4.6% following the U.S. Justice Department's request for a judge to mandate the sale of its Chrome web browser amid antitrust allegations. The DOJ's actions reflect increasing regulatory scrutiny, with concerns over Google's dominance and its agreements with Apple for search engine defaults. As Alphabet faces potential risks and changes due to this case, the outlook remains uncertain, particularly with a federal court hearing scheduled for April 2025.
Source: YAHOO