(BFM Stock Exchange) – Alphabet is progressing strongly to Wall Street, after a court decision authorizing Google to keep its Chrome browser.

The action of Alphabet, mother house of Google, leaps on Wednesday on the New York Stock Exchange, the day after a legal decision allowing the company to keep its browser Chrome.

In the first exchanges to Wall Street, the title takes 8%, at 229 dollars, and resulted in its wake the American square.

In August 2024, justice had recognized Google guilty of illegally maintained its monopoly in online research thanks to exclusive distribution agreements at several billion dollars per year with smartphones manufacturers, such as Apple or Samsung.

However, it remained to know Google’s sentence. A Washington judge on Tuesday imposed strict requirements on Google on data sharing in order to restore equity in competition on online research. But he does not force him to give in his flagship Chrome browser, as required by the American government.

An important decision

“The outcome is generally favorable to Google, the court having rejected the most severe corrective measures proposed by the United States Ministry of Justice,” said Wedbush analysts.

This decision has been one of the largest for two decades in the fight against monopolistic practices of companies. It could have radically turned the future of the technological giant.

The court also considered that a ban on agreements between Google and telephone manufacturers was not desirable, invoking a significant risk of repercussions “for distribution partners, related markets and consumers”.

This benefited Apple, whose action took 2.6% at 235.78 dollars.

Google still has to face another judicial case in Virginia, where a federal court must render its final decision concerning its advertising activities. A few months ago, a judge ruled that Google held an illegal monopoly on the subject which stifled the competition.

(With AFP)