Following Google’s (GOOG, GOOGL) defeat in an antitrust case in August, the US Department of Justice (DOJ) is now pushing for changes to the tech giant’s search business through "behavioral and structural remedies." New York University Law Professor Harry First joins Market Domination to discuss the likelihood of these remedies being implemented. First suggests that "the odds are medium" for the judge to rule in favor of breaking up the tech giant, noting there are "several hurdles" to overcome, outlining three big steps: First, the government plaintiffs "have to actually ask" for a break-up; second, the judge trying the case must agree, though First notes the judge will likely be "cautious"; and finally, the judge will need to convince a court of appeals to support such a decision. The discussion draws parallels between this case and a similar antitrust suit filed levied against Microsoft (MSFT) in 2000, with First providing detailed insights.
#stockmarket #google #youtube
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance