Tag: breakup
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DOJ calls for breakup of Google and sale of Chrome
The Department of Justice is calling for Google to divest its Chrome browser, following a ruling in August that the company holds a monopoly in the search market. Chrome, which Google launched in 2008, provides the search giant with data it then uses for targeting ads. The DOJ said in a filing on Wednesday that…
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CVS is under pressure and considering a breakup. Here’s why that could be risky
It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement pressure, among other issues. As it seeks to claw back faith with Wall Street, the company is considering breaking itself up. CVS has engaged advisors in…