Business
U.S. Justice Department Weighs Google Breakup Over Monopoly
The U.S. Justice Department has informed a federal judge that it may recommend Google divest parts of its operations to address its monopolization of the online search market. This could lead to a historic antitrust breakup of the tech giant, according to Bloomberg.
In a court filing, antitrust officials indicated that Judge Amit Mehta might require Google’s parent company, Alphabet Inc., to share data used for search results and artificial intelligence development. The Justice Department proposed remedies to prevent Google from favoring its products—like Chrome, Play, and Android—over competitors. This marks the first significant government attempt to dismantle a company for illegal monopolization since the failed breakup of Microsoft two decades ago.
Additionally, the document outlines options for the judge as the case moves into the remedy phase. It highlights how Google gained advantages from agreements that made its search engine the default on many devices. The agency may also seek to give websites more control over opting out of Google’s AI products and limit its dominance in search advertising. A detailed proposal is expected next month. Google has not yet responded to requests for comment.
Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.
“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”
Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”
Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”
It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.
Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”
Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”
Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.
He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.
“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.
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