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October 22, 2024

DOJ Proposes Breakup of Google to Combat Monopoly Power

MoneyWeek
|
Contributed by: Bill Russell
Summary
Recent court rulings have designated Google as a monopoly, leading the Department of Justice to suggest a potential breakup of the company as a solution. This proposal involves splitting Google into three distinct entities—focused on search, the Android operating system, and media services—which could significantly reshape the tech industry. The breakup aims to enhance competition in the advertising market, potentially lowering costs for advertisers and enabling new digital businesses to flourish while also easing entry barriers for companies seeking visibility in app stores.

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