​Alphabet Shares Tumble After Losing DoJ Antitrust Suit Over Search – Tyler Durden

Alphabet Shares Tumble After Losing DoJ Antitrust Suit Over Search In what could be a ground-breaking victory for the Justice Departments, a federal judge ruled Monday that Google’s payments to make its search engine the default on smartphone web browsers violates US antitrust law. As Bloomberg reports, Judge Amit Mehta in Washington said that the Alphabet Inc. unit’s $26 billion in payments effectively blocked any other competitor from succeeding in the market The Justice Department and states had sued Google, accusing it of illegally cementing its dominance, in part, by paying other companies, like Apple and Samsung, billions of dollars a year to have Google automatically…  — Continue at ZeroHedge News : Read More