Mark Mahaney, senior managing director at Evercore ISI, discusses whether lower interest rates could benefit big tech stocks in Varney & Company.
A federal judge ruled Monday that tech giant Google’s parent company, Alphabet, violated federal antitrust laws by cementing its dominant position in online search and advertising.
The ruling by U.S. District Judge Amit Mehta in the District of Columbia paves the way for a second trial to determine potential remedies against Google’s search and advertising monopoly, marking the Justice Department’s first victory against a monopoly in more than two decades.
The ruling marks the first major judgment against a large technology company in a series of lawsuits alleging that the companies engaged in monopolistic business practices.
The federal court ruling could force changes to Google’s business practices. (REUTERS/Steve Marcus/File Photo/File Photo/Reuters Photo)
This is a developing story, please check back for updates.
Reuters contributed to this report.
