Google rises nearly 9%, hitting a new intraday all-time high
On September 3, Google surged nearly 9%, reaching a new intraday all-time high, following its victory in an antitrust case, allowing Chrome browser to avoid being sold.
In terms of news:
A judge in Washington, D.C. ruled on Tuesday that Google, under Alphabet, must share data with competitors and open up competition in the online search market, while rejecting prosecutors' request for Google to sell its Chrome browser. In addition, Google is not required to divest its Android operating system. Google also plans to appear in court in September to respond to another lawsuit filed by the U.S. Department of Justice, in which the judge has already ruled that Google holds an illegal monopoly in the online advertising technology sector, with remedies to be decided at that time. The two lawsuits brought by the U.S. Department of Justice against Google are part of a broad bipartisan crackdown on major tech companies in the United States, an initiative that began during President Trump's first term and involves Meta Platforms, Amazon, and Apple.
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