Could Google really get broken up?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 19 November 2024
⏱️ 8 minutes
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Summary
The U.S. government has been fighting with Google for years, accusing it of holding an illegal monopoly. And in one of those antitrust cases, the government wants a harsh fix: a break up of the tech giant’s search business, more specifically, to split off its Chrome browser into a separate company. Plus, how international students play a key role in the finances of U.S. colleges and universities, and why loan applicants are facing a tougher approval process this year.
Transcript
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| 0:00.0 | Could Google really get broken up? |
| 0:04.9 | From Marketplace, I'm Sabrina Bennishorpe, in for David Brancaccio. |
| 0:08.2 | The U.S. government has for years now been tussling with Google, accusing it of holding an illegal monopoly. |
| 0:14.0 | And in just one of those antitrust cases, the government wants a harsh fix. |
| 0:18.6 | It wants to break up part of the tech giant's search business, |
| 0:21.8 | more specifically to split off its Chrome browser into a separate company. This is according |
| 0:27.1 | to reporting by Bloomberg News. Marketplaces Nova Sappho has more. Google's Chrome is by far the |
| 0:33.4 | most popular browser on the internet. It is the source of two-thirds of the world's web traffic, |
| 0:38.8 | according to cybersecurity and networking firm Cloudflare. That dominance helps Google sell ads |
| 0:44.7 | because Chrome can provide a wealth of user information and search data, especially when paired |
| 0:50.1 | with Google's search engine, which is set as the default on Chrome. A federal judge in August cited with the Justice Department in its lawsuit, |
| 0:58.1 | claiming Google is engaged in monopolistic practices to maintain its search dominance. |
| 1:03.3 | A separate trial next year will determine what remedies the judge will impose. |
| 1:07.3 | The Justice Department had a range of options for what it might seek, |
| 1:27.7 | and according to Bloomberg News, the DOJ is pursuing one of the most aggressive options, breaking up parts of Google's search business by splitting off Chrome. This case was initially filed at the tail end of the first Trump administration, but the president-elect has expressed doubts about breaking up the company. |
| 1:32.1 | So it's uncertain what the fate of the case will be during a second Trump term. |
| 1:34.1 | I'm Nevisafo for Marketplace. |
| 1:46.6 | When international students come to the U.S. to study, they also spend a lot, almost $44 billion during the last academic year, and that is an all-time record, |
| 1:51.0 | according to data published by the Association of International Educators. Marketplaces, |
| 1:52.4 | Elizabeth Troval has more. |
| 1:55.5 | International students help create jobs. |
| 2:02.2 | NAFSA, the Association of International Educators, figures the country's 1.1 million international students are key to some 378,000 jobs. NAFSA CEO Fanta Al says that's through housing costs, |
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