Shareholder activists want Google parent Alphabet Inc to break itself up before ...
SAN FRANCISCO - 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.
“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.”
U.S. President Donald Trump has been a frequent critic of Google, claiming without evidence that its search engine unfairly produces results unfavorable to him. He has suggested that U.S. regulators should follow Europe’s lead and look closely at tech companies’ monopolies, but has not suggested any specific remedy.
Tibetan and Uighur ethnic group leaders concerned about Google’s work in China are among speakers expected to speak at demonstrations outside the auditorium before the meeting. Community activists pressing Google to address housing shortages in Silicon Valley also planned to rally.
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