The United States of America et al. v is a federal lawsuit for those companies which are located in the US and are private ownership.
Google LLC will be difficult to manage as it puts its lawyers and also the cases inside the court for almost a year and by doing this cases it might take some time for the lawyer to figure out the case and try to bring evidence to resolve it as it is a huge company.
There are several cases filed on Google LLC about how they make about 60% of sales and more profit than their previous year’s performance.
Google was charged by the biggest US antitrust case about how they are the monopoly in the search engine business and are using all their power to freeze out the competition from giving them a hard time to beat.
After all this controversy the share of Google’s parent company called as Alphabet inc and its GOOGL stock at https://www.webull.com/quote/nasdaq-googl is increased by a total of 1.4% and finally closed its share rate of that quarter at 1551.04$ after the antitrust case.
Why didn’t the stock price of Google fell?
For those people who are new to this stock world, this lawsuit that happened was a sudden surprise, but the investor of Google LLC already knew what will happen in case of a lawsuit.
Bloomberg and other social media sites reported that the Department Of Justice (DOJ) would have its full focus on Google’s search default on almost every browser that is available.
There are also speculations that Google won’t take this hit for a long time as it had the capacity and also the proof to get them out of this case ASAP and also they were the widely used search engine in almost every operating system and browsers.
In the end, Google would have been told by the DOJ to stop paying all the tech company for using their search engine in their devices and making it default on their systems.
This could have turned up worse as the DOJ might have given the order of separating the department of a search engine from the other services like YouTube, maps, chrome browser, and also the Android operating system.
There is no way that Google got off the hook so easily there might have been a consequence, and the complaint was made on Google using the company’s conduct in digital marketing advertisement and showing it on their search engine page. Before investing in this stock, you can check more information at https://www.webull.com/newslist/nasdaq-googl.