Alphabet stock surges 8% as court rules that Google can keep Chrome and preload deals alive

Alphabet’s stock price shot up 8% late Tuesday after a federal judge ruled that Google can keep both its Chrome browser and its Android operating system, despite being found guilty last year of running an illegal monopoly in ￰0￱ surge followed Judge Amit Mehta’s decision to reject the ￰1￱ of Justice’s demand to break up Google’s core tech ￰2￱ to CNBC, investors celebrated the ruling because the court backed away from the most aggressive penalties that were being ￰3￱ DOJ had asked for extreme actions, including forcing Google to sell off Chrome, because of the way it links search behavior to ￰4￱ Mehta said those proposals were too ￰5￱ his ruling, Mehta said: “Google will not be required to divest Chrome; nor will the court include a contingent divestiture of the Android operating system in the final ￰6￱ overreached in seeking forced divestiture of these key assets, which Google did not use to effect any illegal restraints.” Mehta also ordered both parties to meet and finalize the judgment by September ￰7￱ orders limited restrictions on google, avoids full breakup The antitrust trial started in September 2023, and by August 2024, Mehta found that Google violated Section 2 of the Sherman Act, confirming it held monopoly power in search and related ￰8￱ focus of the DOJ’s case had changed from proving guilt to proposing what to do about it, and that’s where things got ￰9￱ DOJ wanted Google to open up access to its search data, ban default search engine payments, and share what users click on across the ￰10￱ of that made it into the ￰11￱ ruled that Google must share certain datasets, including search index information and user interaction data.

However, the company won’t be required to share any ads ￰12￱ court also said any data-sharing must be done “on ordinary commercial terms that are consistent with Google’s current syndication services,” which means Google won’t be giving away any trade secrets for ￰13￱ response, Google posted a blog saying: “Now the Court has imposed limits on how we distribute Google services, and will require us to share Search data with ￰14￱ have concerns about how these requirements will impact our users and their privacy, and we’re reviewing the decision ￰15￱ Court did recognize that divesting Chrome and Android would have gone beyond the case’s focus on search distribution, and would have harmed consumers and our partners.” The Justice Department also pushed to stop Google from paying device makers to become the default search ￰16￱ of the biggest targets?

The multibillion-dollar deal with Apple, which puts Google as the default search engine on Safari across iPhones, iPads, and ￰17￱ rejected that ￰18￱ court ruled that Alphabet can keep making those payments to ￰19￱ triggered a 3% spike in Apple’s stock in after-hours ￰20￱ stays out of trial but benefits from ruling Even though Apple wasn’t a defendant in the case, its close relationship with Google became a central issue in the remedies ￰21￱ the court had ruled against the search payments, Apple would’ve had to rethink how Safari works, and that would’ve created a domino effect across the tech ￰22￱ have said it might take years for Apple to implement changes if that ever ￰23￱ now, no changes are ￰24￱ testimony earlier this year, Eddy Cue, Apple’s senior vice president of services, defended the ￰25￱ told the court that Apple chose Google because “it’s the best search engine,” and that the company is always looking for “the best tools for customers.” He also said Apple is considering new options, including adding AI search engines to future versions of its software, in case things shift down the line.

Meanwhile, Google isn’t done ￰26￱ company said it plans to appeal the ruling, and legal analysts say any further trial over these remedies could last up to two ￰27￱ that, if appeals are exhausted, the Supreme Court could step ￰28￱ even though the ruling looks like a win for Google and Apple for now, the battle isn’t technically ￰29￱ DOJ also wanted the court to force Google to release more information about how it builds its search ￰30￱ didn’t ￰31￱ agreed to make Google share some specific user and index data, but not ￰32￱ importantly, he refused to make Google share advertising-related data, which is the backbone of its money ￰33￱ smartest crypto minds already read our ￰34￱ in?

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