YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
An activist group called SumOfUs plans to introduce a break-up proposal at Alphabet's annual shareholder meeting today.
The group is calling on Alphabet, the parent company of Google, to break itself up before the government forces it to.
“Officials in the U.S. and E.U. 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.”
Read more from Reuters.
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