Tech
Google logo
(Beata Zawrzel/Getty Images)
“This is a dance”

Google probably won’t get rid of Chrome

This is a negotiating tactic.

Rani Molla

The Department of Justice is going to recommend that Alphabet sell off its Chrome browser to remedy its search monopoly, but that doesn’t mean they think it will actually happen.

“Part of this is negotiating,” Cornell University law professor and antitrust expert George Hay told Sherwood. “This is a dance.”

Basically, the DOJ is likely hoping that by suggesting an extreme remedy, Google will compromise and offer to do something much more measured: namely ditching its billion-dollar contracts with Apple and Samsung that make Google the default search engine on those phones. That pride of place has helped Google maintain its search-engine dominance — 89% market share globally, according to Statcounter — and, more importantly, the bulk of its revenue, which it gets from targeting ads off those searches.

“The chances of getting a judge to agree to something this dramatic aren’t great,” Hay said. “Most monopoly cases over past 100 years haven’t resulted in divestiture.” He noted that Microsoft, the last Big Tech antitrust case, didn’t end up getting broken up.

Additionally, asking Google to sell its browser might not even solve the issue of Google’s search monopoly, since the unlikely buyer could decide to use Google search in the browser anyway.

More Tech

See all Tech
tech

Amazon cuts another 16,000 roles after laying off 14,000 workers in October

Amazon announced Wednesday that its cutting 16,000 roles across the company, having laid off 14,000 workers only three months ago.

“As I shared in October, weve been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Senior Vice President of People Experience and Technology Beth Galetti wrote in the press release. “While many teams finalized their organizational changes in October, other teams did not complete that work until now.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm — where we announce broad reductions every few months. That’s not our plan.”

tech

Anthropic reportedly doubles current fundraising round to $20 billion

Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.