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
11/19/24 11:35AM

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
President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

tech

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

$115B

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

An annotated photo of who attended the tech dinner at the White House.

An interactive who's-who of the tech execs at Trump's White House dinner

The White House invited a gaggle of top founders and tech executives for an intimate dinner at the White House.

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.