- Google is pushing the Justice Department to reconsider breaking up its search monopoly, citing national security concerns.
- The Biden administration previously suggested Google should sell Chrome and stop billion-dollar deals with Apple.
- Investors are wary, with Google’s next move potentially shaping its future in unpredictable ways.
Google, a unit of Alphabet (NASDAQ:GOOGL) Inc., is scrambling to convince the Justice Department to rethink its whole “break up the monopoly” plan. According to Bloomberg, the tech giant has been waving the national security card—because apparently, dismantling their search empire would somehow put the country at risk.
Last week, Google execs sat down with government officials, trying to nudge them toward a softer approach. The U.S. is dead set on breaking up what a judge already labeled an illegal online search monopoly, but Google is hoping to steer the conversation elsewhere. Anonymous sources (because, of course) spilled the details of these behind-the-scenes talks.
This pushback isn’t new. Back in November, the Biden administration suggested Google should offload its Chrome browser and stop tossing billions at companies like Apple (NASDAQ:AAPL) to secure its dominance. Now, with the final proposals from both Google and the Department of Justice expected to drop by the end of the week, the tech giant is in full damage control mode.
Meanwhile, investors are watching closely. With stock valuations soaring in 2024, many are hesitant to dump more cash into big names like Google. Sure, there are always market opportunities, but spotting them is trickier than ever. ProPicks AI, a tool from Investing.com, claims to have cracked the code—identifying high-potential stocks that could be the next big winners. Maybe Google’s still on that list, maybe not. Either way, the next move could define the company’s future in ways its executives definitely aren’t ready to admit.
