The hits keep coming for Google - it’s now been punched twice by the DOJ.
Last week a federal judge ruled that Google is operating illegally in the online advertising and ad-tech markets. Today a different one hears remedies on its monopoly in search — including the DOJ’s suggestion of divesting Chrome.
Zoom out and you’ll see the Justice Department isn’t playing around. This is a dedicated effort to break up Google — a move that could cost the company billions of dollars in revenue each year and reshape how the internet works.
And it’s not just Google — other major tech players are facing mounting regulatory pressure from Washington and Trump’s White House.
As I reported last week, Meta is duking it out with the FTC in court. The FTC wants to break it up because it says when Facebook bought Instagram ($1B) and WhatsApp ($19B) it created an illegal social media monopoly.
In a now infamous 2008 email, Mark Zuckerberg once wrote “it is better to buy than to compete.” Words that may soon be coming back to haunt him and other CEOs.
The stakes of these cases couldn’t be higher for big tech.
Check out my report on this for CBS News… and come back on Thursday for the full post. An exclusive interview with someone actively involved in these cases drops then… and only for my paid subscribers.
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