DOJ weighs Google breakup
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 October 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, October 9th. I'm Julie Morgan. |
| 0:13.0 | Could a breakup of Google be in the future? |
| 0:15.6 | Boeing withdraws its latest pay offer, |
| 0:18.4 | and the Las Vegas Strip is booming. |
| 0:21.8 | The US Department of Justice late on Tuesday indicated that it was |
| 0:25.3 | considering a possible breakup of Google's units like the Chrome browser and |
| 0:29.8 | Android operating system as an antitrust remedy. |
| 0:33.8 | The department said in a filing that the remedies necessary to prevent and restrain monopoly |
| 0:38.9 | maintenance could include contract requirements and prohibitions, |
| 0:43.0 | non-discrimination product requirements, |
| 0:45.6 | data and interoperability requirements, |
| 0:48.4 | and structural requirements. |
| 0:50.8 | The DOJ was also considering behavioral and structural remedies that would prevent |
| 0:55.8 | Google from using products such as Chrome, Play, and Android to advantage Google search and |
| 1:01.8 | Google search related products and features, |
| 1:04.7 | including emerging search access points and features such as artificial intelligence |
| 1:10.0 | over rivals or new entrants. |
| 1:12.4 | The DOJ's recommendations comes after a judge found in August that Google, |
| 1:17.2 | which processes 90% of US internet searches, |
| 1:21.2 | had built an illegal monopoly. |
| 1:23.6 | In a blog post published Tuesday, Google's Vice President of Regulatory Affairs. |
... |
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