Protesters are calling on Googles parent company Alphabet to break itself up before it is forced to by regulators.
Sum Of Us, a US-based activist group, will ask shareholders to vote on breaking the company up at a meeting at the companys offices in California today. Read more:Amazon overtakes Apple and Google as worlds most valuable brand
“Officials in the US & EU continue to be concerned about Alphabets market power in view of restrictions on monopolies,” the groups proposal said.
“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.”
However, Alphabets chief executive Larry Page and president Sergey Brin own a combined 51.3 per cent of shareholder votes, meaning the proposal has no realistic chance of success.
The motion shows a growing focus on the prospect of antitrust action against Alphabet and other big technology firms such as Facebook and Amazon as they face a political and public backlash over privacy issues and the power they have over the worlds information.
The breakup proposal is one of a record of 13 on the ballot at Alphabets meeting.
Read more: Google says Huawei baRead More – Source
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