Alphabet stock pops 8% after Google avoids breakup in antitrust case
Alphabet shares rose 8% on Wednesday as investors viewed the result of Google's antitrust case as broadly favorable to the tech giant. The U.S. Department of Justice had proposed a sort of break-up of Google, which included divesting its Chrome browser, in an antitrust case that began in September 2023. While Google was found to hold an illegal monopoly in its core market of internet search last year, U.S. District Judge Amit Mehta ruled against the most severe consequences that were proposed