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Share Price of Google's Parent Company Soars as Court Denies Breakup Request
1 week ago /
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Author：小编
On Tuesday, U.S. Judge Amit Mehta issued a ruling denying the demand to break up Google's parent company, Alphabet, thereby allowing Google to maintain its control over the Chrome browser and Android operating system. However, the judge imposed a ban on Google from entering into exclusive agreements with device manufacturers and browser developers. This decision alleviated significant regulatory uncertainty, prompting Google's share price to jump by more than 8% on Wednesday, adding an estimated $213 billion to its market value. Additionally, the judge ordered Google to share more data with its competitors and established an antitrust technology committee to oversee the company's operations.
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