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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Oscar Gonzalez2024-11-21T20:19:00
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice (DOJ) recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
In a 23-page filing Wednesday, the DOJ told District Court Judge Amit Mehta that forcing Google to separate itself from Chrome would be a necessary way to ensure Google’s monopoly over internet ads would come to an end.
The move wouldn’t just hit Chrome, however. The DOJ also suggested Google cleave its Android mobile software business in five years if the search market isn’t more competitive by that time. The DOJ also recommended Google be forced to share user and advertising data with its rivals, and remove any preferential treatment for its other businesses like YouTube in search results.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2021-06-16T15:53:00Z By Aaron Nicodemus
Lina Khan’s elevation to chair of the FTC on the same day her nomination was confirmed by the Senate signals the Biden administration’s intention to aggressively address antitrust issues.
2021-04-13T20:05:00Z By Jaclyn Jaeger
With a changing of the guard, the Federal Trade Commission is undergoing some major restructuring on the antitrust front. All told, it’s not just Big Tech and pharmaceutical companies that should be on alert.
2020-02-11T20:02:00Z By Aaron Nicodemus
The FTC will require the top five U.S. technology firms—Alphabet Inc. (Google), Amazon, Apple, Facebook, and Microsoft—to provide information on acquisitions not previously reported to the agency dating back 10 years.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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