Alphabet loses antitrust case, facing potential fines, settlements, or divestment of Android.
Alphabet, Google's parent company, lost a landmark antitrust lawsuit in Federal court on Aug 5, with Judge Amit Mehta ruling Google stifled online search competition. This may result in fines and settlements, business practice changes, or divestment of Android. Appeals could last years, but investors should consider Alphabet a long-term buy, as its market dominance and user base remain strong.
August 11, 2024
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