Stock Market News

Japan’s antitrust watchdog to find Google violated law in search case, Nikkei reports

2024.12.22 03:35

(Reuters) -Japan’s competition watchdog is expected to find Google guilty of violating the country’s antitrust law, Asia reported on Sunday, citing sources.

The Japan Fair Trade Commission(JFTC) will soon issue a cease and desist order asking Google to halt its monopolistic practices, the report added.

Google did not immediately respond to request for comment while the JFTC could not be reached for comment.

The Japanese competition watchdog started investigating Google for a possible breach of antimonopoly laws in web search services last October, following similar steps by authorities in Europe and other major economies.

© Reuters. FILE PHOTO: The logo of Google is seen outside Google Bay View facilities in Mountain View, California, U.S. August 13, 2024.  REUTERS/Manuel Orbegozo/File Photo

Chrome is the world’s most widely used web browser and is a pillar of Google’s business, providing user information that helps the company target ads more effectively and profitably.

Last month, the U.S. Department of Justice argued ahead of a judge that Alphabet (NASDAQ:) owned Google must divest its Chrome browser and should not be allowed to re-enter the browser market for five years in an effort to end Google’s search monopoly.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 104,275.94 1.34%
ethereum
Ethereum (ETH) $ 3,283.21 1.26%
xrp
XRP (XRP) $ 3.17 0.48%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 259.16 5.54%
bnb
BNB (BNB) $ 695.50 0.48%
dogecoin
Dogecoin (DOGE) $ 0.361748 5.00%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 1.00 0.53%
staked-ether
Lido Staked Ether (STETH) $ 3,278.15 1.12%
tron
TRON (TRX) $ 0.256882 5.83%
chainlink
Chainlink (LINK) $ 25.49 3.39%
avalanche-2
Avalanche (AVAX) $ 37.22 1.42%
sui
Sui (SUI) $ 4.62 1.89%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,909.81 1.19%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,921.84 1.37%
the-open-network
Toncoin (TON) $ 5.34 2.63%
stellar
Stellar (XLM) $ 0.433485 2.92%
hedera-hashgraph
Hedera (HBAR) $ 0.325749 4.37%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 2.66%
polkadot
Polkadot (DOT) $ 6.56 2.49%
weth
WETH (WETH) $ 3,282.32 1.31%
leo-token
LEO Token (LEO) $ 9.67 0.31%
litecoin
Litecoin (LTC) $ 116.78 3.66%
bitcoin-cash
Bitcoin Cash (BCH) $ 442.95 0.56%
hyperliquid
Hyperliquid (HYPE) $ 26.21 10.44%
bitget-token
Bitget Token (BGB) $ 7.13 0.33%
uniswap
Uniswap (UNI) $ 13.27 2.59%
official-trump
Official Trump (TRUMP) $ 39.27 1.59%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,488.01 0.67%
pepe
Pepe (PEPE) $ 0.000016 2.19%
usds
USDS (USDS) $ 1.00 0.12%
near
NEAR Protocol (NEAR) $ 5.23 0.91%
ethena-usde
Ethena USDe (USDE) $ 0.999876 0.07%
aave
Aave (AAVE) $ 352.97 2.65%
aptos
Aptos (APT) $ 8.63 0.07%
internet-computer
Internet Computer (ICP) $ 9.37 5.98%
ondo-finance
Ondo (ONDO) $ 1.31 2.71%
whitebit
WhiteBIT Coin (WBT) $ 28.47 0.52%
ethereum-classic
Ethereum Classic (ETC) $ 26.86 1.30%
monero
Monero (XMR) $ 214.25 1.74%
vechain
VeChain (VET) $ 0.048336 2.26%
mantle
Mantle (MNT) $ 1.15 3.07%
crypto-com-chain
Cronos (CRO) $ 0.141864 1.46%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.447869 1.80%
render-token
Render (RENDER) $ 7.21 3.30%
dai
Dai (DAI) $ 1.00 0.01%
algorand
Algorand (ALGO) $ 0.416945 2.99%
okb
OKB (OKB) $ 57.02 2.50%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.31 5.65%