Tech
Alphabet shares jump 7% in extended trade after major court relief on Google Chrome
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Google, the default search engine for most globally, and Alphabet Inc.’s unit, will not have to sell its Chrome Web browser as part of its antitrust litigation penalties, a Federal judge ruled on Tuesday, after market closing hours.
In response, shares of Alphabet jumped as much as 8% in extended trade, also taking the Nasdaq futures higher with them.
The verdict comes as a blow for the US Department of Justice, who had filed the antitrust case against Alphabet in 2020. However, judge Amit Mehta did bar Google from entering into exclusive contracts for…
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