Alphabet Shares Surge as Court Decision Preserves Tech Giant’s Core Business

A landmark US court ruling has delivered a major victory for Google, preventing the potential breakup of its parent company Alphabet and sending the company’s stock to unprecedented heights. The decision represents a dramatic reversal from what initially appeared to be an existential antitrust challenge, instead resulting in a compromise that leaves the tech behemoth’s multi-billion dollar profits largely intact.

US District Judge Amit Mehta’s Tuesday evening verdict brought relief to Google’s Mountain View headquarters. Rather than imposing the forced divestitures of Chrome or Android that the US government had sought, the judge issued limited operational restrictions. The ruling contained a clear rationale: Google’s market dominance did not justify what the court termed “radical structural Read more...