Here’s Why Google Shares Rose After the U.S. Antitrust Suit
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Google was hit by the biggest U.S. antitrust case in a generation on Tuesday, when the Department of Justice alleged the company is using monopoly power in the web search market to freeze out competition.
The United States of America et. al. v. Google LLC could turn into a management headache that ties up lawyers in courts for years and forces the company to change how it conducts the business that makes up about 60% of sales and even more of its profit. Other cases may be filed, too.