It's thebiggestgovernmentactionagainstSiliconValleyin a generation.
TheDepartmentofJusticeand 11 statesfiled a lawsuitagainstGoogleonTuesday, accusingthesearchgiantandits $1 trillionparentcompanyalphabetoff, abusingitsdominancetomuscleoutrivals.
Intermsofremedies, theDOJsaidnothingisoffthetable, including a breakupoftheInternetsearchandadvertisingcompanyGoogle, whichhasbecomesoubiquitousandsynonymouswithsearch.
WedbushSecuritiesanalystDanIvesseesthisas a watershedmomentnotjustforGooglebutforSiliconValleyas a whole.
It's a majorshotacrossthebowfromthe D.
O.
J and I thinkthisis a seriousstepupinthemoveontheantitrustfrontaswe'veseenthebeltwaivers, bigtechandtheDOJthrowingtheirhatinthering.
Definitelyno, I thinkstepsthisupfrom a riskprofile, butthisissortof, I think, thefirststepofwhatwe'regonnasee a broaderpressuresagainstbigtackwithGoogleFrontandCenter.
Thelawsuitcomesmorethan a yearaftertheJusticeDepartmentandFederalTradeCommissionbeganantitrustinvestigationsintofourbigtechcompaniesAmazon, Apple, FacebookandGoogle.
It's thebiggestgovernmentactionagainstSiliconValleyin a generation.
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