Alphabet shares slide 6% following DOJ push for Google to divest Chrome

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Alphabet shares slide 6% following DOJ push for

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to divest Chrome

Jaque Silva | Nurphoto | Getty Images

Alphabet shares slid 6% Thursday, following news that the Department of Justice is calling for

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to divest its Chrome browser to put an end to its search monopoly.

The proposed break-up would, according to the DOJ in its

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, “permanently stop

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’s control of this critical search access point and allow rival search engines the ability to access the browser that for many users is a gateway to the internet.”

This development is the latest in a years-long, bipartisan antitrust case that found in an August ruling that the search giant held an ******** monopoly in both search and text advertising, violating Section 2 of the Sherman Act.

The potential break-up would include preventing

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from entering into exclusionary agreements with competitors like Apple and Samsung, part of a set of remedies that would last 10 years.

CNBC’s Jennifer Elias contributed to this report.

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#Alphabet #shares #slide #DOJ #push #

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#divest #Chrome

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