Alphabet Stock Jumps After Chrome Sale Avoidance

September 4, 2025 Lisa Park Tech
News Context
At a glance
Original source: finance.yahoo.com

Here’s a‍ breakdown of the key facts from the provided text:

Company: alphabet Inc. (NASDAQ:GOOG)
 Stock Performance: Share prices increased by 9.01% on Wednesday, closing at $231.1 ⁢apiece.
Reason for Increase: A court ruling prevented the company from being forced to divest⁤ its ⁢Google Chrome search engine.
 Legal Case: The Department of Justice (DOJ) filed an ⁣antitrust lawsuit against Alphabet in 2020, alleging ⁣monopolization of⁤ search and search advertising markets (violating the Sherman Antitrust Act⁣ of 1890).
Court Ruling: Judge Amit ⁣Mehta ruled in ‍August 2024 that google did abuse its monopoly on search. though, he did‍ not order a divestiture of Chrome.
 Timeline:
⁣Lawsuit filed: 2020
⁢
 Trial⁢ began: september 2023
⁤
Ruling on monopoly abuse: August 2024
 DOJ request to divest ⁤Chrome: Three months after August 2024 ruling.
Source of Image: Photo Mix from Pixabay.
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