Newsflash: DoJ and Google clash in court over break-up
#310: The US Department of Justice has begun outlining how it wants the ad, search and app store monopolist broken up...
Google’s break-up has just begun.
In the past few hours, the US Department of Justice has begun outlining how it wants the ad, search and app store monopolist taken apart.
Judge Amit Mehta - the guy who ruled Google a search monopolist - is hearing the case and will deliver the plan around August-time.
Top of the list is selling Chrome. GAM is likely to be carved off too, and the backroom $26.3 billion with Apple to monopolise mobile ads is headed the way of the Dodo.
“Your Honor, we are not here for a Pyrrhic victory,” the DoJ’s David Dahlquist said, starting the ball rolling.
“This is the time to tell Google and all other monopolists who are out there listening - and they are listening - that there are consequences when you break the antitrust laws.
"Google can compete, but it simply doesn’t want to compete on a level playing field.
“Google is now fearful of competing against rivals who will only get stronger with the proposed remedies in place.
“The remedies will allow all rivals to take the field and allow the block of ice to thaw.”
I think he must be a reader of this newsletter…
It’s been a busy morning, so this is a fast take of the developments in the past few hours.
The White House has weighed in, more than half a trillion in value has been lost, the future of AI is being decided, and we’re only just getting started.
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