Alphabet to report Q3 earnings after the bell

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The company faced increased antitrust activity during the quarter.

It comes after a tumultuous quarter where the company faced an executive shake-up and multiple antitrust actions.Sign up for NBC DFW's News Headlines newsletter.Alphabet's third quarter was filled with shake-ups externally and internally, including at its most senior ranks and its most important business.Prabhakar Raghavan, the company's search and ads boss since 2018, with Nick Fox, a longtime executive known for his role in Google's Assistant unit.

The moves came as Google continues to restructure its teams to move more quickly in the AI arms race, where it faces increased competition from entrants such as OpenAI's ChatGPT.from a federal U.S. judge who ruled that Google has illegally held a monopoly in search, marking the first antimonopoly decision against a tech company in decades.

Additionally, the DOJ suggested limiting or prohibiting default agreements and"other revenue-sharing arrangements related to search and search-related products." That would include Google's search position agreements withWith the slow-moving legal process, the company is still likely years away from being forced to make any changes to businesses.that will force the company to offer alternatives to its Google Play store for downloading apps on Android phones.

 

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