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Alphabet Stock Swings On DOJ Investigation: Analyst Says 'GOOGL Is Worth More In Pieces Than Together'
Wednesday, August 14, 2024 - 4:11pm | 998Analysts, investors, and experts are closely examining the potential impacts of a breakup or restructuring of Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) as the Department of Justice considers measures to address Google's dominance in the search market. Legal Case Against Google: Former Department...
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Alphabet Stock Slides As Department Of Justice Considers Push To Break Up Google: What Investors Need To Know
Tuesday, August 13, 2024 - 5:46pm | 492Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are moving lower in extended trading Tuesday following a report suggesting a bid to break up Google is on the table for the U.S. Department of Justice (DOJ). What Happened: Bloomberg reported that the DOJ is considering a bid to break up Google after...
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Rumble Q2 Earnings Highlights: Revenue Beat, EPS Beat, 3 Million More Monthly Users As 2024 Election Drives Audience To Platform
Monday, August 12, 2024 - 4:31pm | 753Video-sharing platform Rumble Inc (NASDAQ:RUM) reported second-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Rumble reported second-quarter revenue of $22.5 million, up 27% sequentially. The revenue figure beat a Street consensus estimate of $...
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Palantir Co-Founder Joe Lonsdale Supports Historic Antitrust Ruling Against Google, But Accuses FTC Chair Lina Khan Of Being Radical: 'She's A Bully'
Friday, August 9, 2024 - 6:45am | 677Palantir Technologies Inc. (NYSE:PLTR) co-founder and founding partner of 8VC, Joe Lonsdale has voiced his concerns about the unchecked power of big tech and called for more accountability. What Happened: On Thursday, while appearing on CNBC’s Squawk Box, Lonsdale criticized the monopolistic...
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Would Kamala Harris Deviate From Joe Biden's Antitrust Position As President? A Close Ally Hints It's Possible (CORRECTED)
Thursday, August 8, 2024 - 3:43pm | 472Editor’s note: This story has been updated to correct the spelling of Kamala Harris’ name. President Joe Biden‘s administration has received both praise and condemnation for its hardline position on antitrust enforcement. His replacement in the 2024 race, Vice President Kamala...
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Will Google Antitrust Decision Affect Ongoing Lawsuits Against Apple And Meta? Legal Experts Are At Odds
Tuesday, August 6, 2024 - 4:08pm | 586The historic ruling against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of several in the Big Tech antitrust arena. Google, deemed monopolistic, violated antitrust laws with its search engine, Judge Amit Mehta ruled. Some experts say the verdict could affect similar lawsuits against other...
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Google Anti-Trust Crusade Was Spearheaded By Jonathan Kanter, Who Is The Attorney Taking On Tech Giants Like Apple And Amazon
Tuesday, August 6, 2024 - 6:35am | 742In a landmark ruling, a U.S. federal judge said that Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has unlawfully maintained monopolies in search and text advertising markets. This decision marked a significant win for the Department of Justice led by Jonathan Kanter. What Happened: ...
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Bernie Sanders Says Google May Be Worth $2 Trillion And Its Founders Worth $292B But It's Not Above Law: 'Break It Up'
Monday, August 5, 2024 - 9:46pm | 639Senator Bernie Sanders (I-Vt.) said Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) might be worth $2 trillion but it is “not above the law,” after a federal judge ruled that the company’s monopoly in the online search market is illegal. What Happened: On Monday, Sanders, who is the...
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Alphabet Loses Antitrust Suit Over Google Search Dominance: Report
Monday, August 5, 2024 - 3:32pm | 329A federal judge has ruled against Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) in an antitrust lawsuit related to the company’s Search dominance. What Happened: According to a Bloomberg report, Judge Amit Mehta ruled on Monday that Alphabet’s payments to make its search engine the...
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Nvidia Down Nearly 4% In Pre-Market Trading As DOJ Reportedly Launches Antitrust Probe Over Allegations Of Monopolistic Practices
Friday, August 2, 2024 - 5:05am | 732Nvidia Corp. (NASDAQ:NVDA) stock fell nearly 4% in premarket trading on Friday amid reports of an antitrust investigation by the U.S. Department of Justice over allegations of monopolistic practices in the AI chip market. What Happened: The DOJ has commenced an inquiry into Nvidia following...
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Trump VP Pick J.D. Vance 'Worth Watching' For Potential Google Breakup, Market Strategist Says Not A Primary Concern With Trump Leading The Way
Sunday, July 21, 2024 - 9:13am | 646Past comments from new vice-presidential candidate J.D. Vance calling to break-up Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) have resurfaced and could point to concerns for big technology companies. One market strategist isn't worried about the comments or concerns though. What Happened: The...
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Trump's New Running Mate J.D. Vance Wants To Break Up Google: Could 2024 Election Be Bad For Big Tech?
Wednesday, July 17, 2024 - 4:38pm | 906Donald Trump's vice-presidential pick, Senator J.D. Vance, adds a former venture capitalist to the GOP ticket for the 2024 presidential election. It also comes as business leaders in the tech space donate to the former president. But Vance has favored breaking up large tech companies, namely...
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Apple Watch's Redesigned ECG Doesn't Infringe AliveCor Patents, Rules US Customs (UPDATED)
Tuesday, July 16, 2024 - 2:25am | 789Editor’s Note: This story has been updated to include a statement from an AliveCor spokesperson. The U.S. Customs and Border Protection has found that the redesigned Electrocardiography in the Apple Watch does not violate patents held by AliveCor, a medical device company. This ruling further...
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Apple To Open Its Tap-And-Go Payment System To Rivals, Settles EU Antitrust Probe
Thursday, July 11, 2024 - 5:57am | 589Apple Inc. (NASDAQ:AAPL) has agreed to allow its competitors to use its tap-and-go mobile payments system. This decision comes as a resolution to a long-standing antitrust investigation by the European Union. What Happened: The EU’s antitrust regulators announced on Thursday that Apple will...
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Visa, Mastercard Deal 'Unlikely To Be Materially Impacted' By A Revised Antitrust Settlement: Analyst
Monday, July 1, 2024 - 3:44pm | 595A federal judge’s call for a revised settlement from Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) after tossing out their $30 billion antitrust settlement on June 25 should not have much of an impact on their similar business models, according to an analyst. U.S. District Judge ...