Google settles with alphabet shareholders by antitrust litigation

Google is still waiting to hear how to fix Its monopoly in search engine business – That’s it Plans to appeal the judgment – But at this point, it should also answer its shareholders. According to A report from Financial Times.

The new solution alphabet forces Alphabet to rebuild its “Global Compliance Structure”, and in the next 10 years it will cost the company at least 500 million. Its basic, this means setting up a kind of committee on the Alphabet Board to monitor regulatory problems, which includes Google Most people came Over the past few years.

“A new body with senior executive reports directly to Chief Executive Sundar Pichai at the same time.” Feet Writing, another group consulted “the product consists of managers and internal consent professionals.” The aim is to prevent a business decision that led to a monopoly on the alphabet and its affiliates Google multiple counts. The judge must approve the solution before the company goes ahead.

The case was first brought on behalf of the Michigan Pension Fund shareholders against alphabet officials such as Sundar Pichai and Sergei Brin Back in 2021. Compared Construction changes The US Department of Justice is requesting, paying some money and setting up some committees a little. In the great scheme of things, the company will have to change the business in the next few years by changing how the alphabet is dealing with regulation.