US: Activists urge Google to break up before regulators do

By CPI | June 19, 2019

According to Reuters shareholder activists want Google parent Alphabet Inc to break itself up before regulators force the world’s biggest internet ad seller to split into different pieces.

SumOfUs, a US-based group that aims to curb the growing power of corporations, is set to make that proposal at Alphabet’s annual shareholder meeting on Wednesday at an auditorium at the company’s offices in Sunnyvale, California.

“Officials in the US & EU continue to be concerned about Alphabet’s market power in view of restrictions on monopolies,” the proposal reads. “We believe that shareholders could receive greater value from a voluntary strategic reduction in the size of the company than from asset sales compelled by regulators.”

The US Department of Justice and Federal Trade Commission are gearing up to investigate whether Google, Amazon, Apple and Facebook misuse their massive market power, sources told Reuters earlier this month.

Full Content: Reuters

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US: Activists urge Google to break up before regulators do

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