Stock

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

1 Mins read

(Reuters) -Japan’s competition watchdog is expected to find Google guilty of violating the country’s antitrust law, Nikkei 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.

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:GOOGL) 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.

This post appeared first on investing.com

Related posts
Stock

5 big analyst AI moves: Nvidia still top pick into 2025; MU, ORCL downgraded

5 Mins read
Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. InvestingPro subscribers always get…
Stock

How ETFs are remaking the market

1 Mins read
Investing.com — Exchange-traded funds are reshaping global markets with record-breaking growth. In 2024, the ETF industry reached $15 trillion in assets, saw…
Stock

Can Saudi markets weather an oil winter?

2 Mins read
Investing.com — Saudi Arabia’s financial markets face a challenging outlook as the nation grapples with the prospect of an “oil winter.”  Analysts…

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.