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Court Ruling Favors Google and Apple, Boosting Stock Prices
Court Ruling Favors Google and Apple, Boosting Stock Prices
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BTCCSquare news:
A U.S. federal judge ruled that Alphabet's Google is not required to divest its Chrome browser as part of the Department of Justice's antitrust case. The decision allows Google to maintain its $20 billion search deal with Apple, ensuring its search engine remains the default option on Apple devices. Wedbush analyst Daniel Ives hailed the ruling as a "massive win" for both tech giants.
Google's stock surged 7% in extended trading, while Apple shares rose approximately 3%. The judge also barred Google from entering exclusive contracts for its search engine, Chrome, Google Assistant, and Gemini products, though the existing arrangement with Apple remains intact.
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