Google loses antitrust case in search business, stock price drops more than 4.4%

Google lost the antitrust case in the search business, with its stock price falling more than 4.4%. A U.S. judge ruled that Google's maintenance of a monopoly in online search is illegal. Google was accused of exercising monopoly power through exclusive distribution agreements and super-competitive pricing. This ruling may have an impact on Apple. Both Google and Apple's stocks fell further, with Alphabet closing down more than 4.4% and Apple down 4.8%. Google plans to appeal the ruling, while Apple has not commented. The Attorney General stated that this is a historic victory for the American people, and the Department of Justice will continue to enforce antitrust laws