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Source: e Company

Google may face the risk of being forced to break up.

US Justice Department considers seeking to break up Google

Google suddenly encountered negative news, and its stock price fell by more than 1% after the market closed.

The US Department of Justice is reportedly considering seeking to break up Google after winning an antitrust lawsuit.

The move would be the first time the U.S. government has broken up a company for illegal monopoly since Washington's failed effort to break up Microsoft Corp. 20 years ago. Other less drastic options include forcing Google to share more data with competitors and taking steps to prevent Google from gaining an unfair advantage in artificial intelligence products, people familiar with the matter said.

In any case, the U.S. government is likely to seek an injunction against the exclusivity contracts at the heart of Google’s antitrust case, which refer to the default search engine agreements it strikes with companies such as Apple.

If the Justice Department moves forward with the split, the most likely units to be divested are Google's Android operating system and Google's web browser Chrome, people familiar with the matter said. Justice Department officials are also considering forcing Google to sell its AdWords platform for selling text ads.

Last Monday, U.S. federal court judge Amit Mehta announced a ruling that Google's search business violated U.S. antitrust laws.This means that in the largest antitrust case in the US technology industry in more than two decades, the plaintiff, the US Department of Justice, won the case. The way millions of Americans obtain information online may change dramatically, and Google's decades-long dominance in the search market may be overturned.

Judge Mehta announced that another trial will be held on September 4 to discuss and decide how to deal with Google's monopoly behavior, such as what kind of fines to impose on Google or what changes to require it to make. At that time, Google has the right to appeal, and experts predict that this legal process may take about two years.

Nvidia surged by more than 1.2 trillion overnight

However, last night, the three major U.S. stock indexes all closed higher, with the Dow Jones Industrial Average up 1.04%, the S&P 500 up 1.68%, and the Nasdaq up 2.43%.

Intel rose 5.73%, Nike rose 5.15%. Nvidia rose 6.53%, and its market value increased by about RMB 1253.7 billion overnight. Tesla rose 5.24%. Starbucks rose 24.5%, the largest single-day increase in history. Chinese stocks rose and fell, Huya Live rose 14.01%, and Tencent Music fell 15.16%.

On the news front, Fed Chairman Bostic said that the balance of economic risks is returning to normal levels and is optimistic about the normalization of the economy in the coming months; interest rate policy is restrictive and does not want it to remain at this level forever. A rate cut is coming and I hope to see more data. If we have to raise interest rates after a rate cut, it will be a very bad situation; if the economy develops as expected, there will be a rate cut before the end of the year.