Alphabet drops after US judge finds Google holds illegal ad tech monopolies
ReutersApr 17, 2025 3:09 PM
Shares of Google-parent Alphabet GOOGL.O fall 2% at $150
U.S. District Judge Leonie Brinkema on Thursday found that Google unlawfully monopolized markets for publisher ad servers and the market for ad exchanges which sit between buyers and sellers
The U.S. Department of Justice has said that Google should have to sell off at least its Google Ad Manager, which includes the company's publisher ad server and its ad exchange
Ruling could allow prosecutors to argue for a breakup of Google's advertising products
Up to last close, stock had fallen around 19% YTD after rising over 35% last year
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