Jim Cramer Criticizes DOJ’s Approach to Google Antitrust Case

CNBC’s Jim Cramer has expressed strong opposition to the US Department of Justice’s (DOJ) consideration of a potential breakup of Google to address antitrust concerns.

Speaking on Wednesday, Cramer argued that Google’s business practices benefit consumers, businesses, and the overall US economy, calling the government’s ongoing investigations into the tech giant misguided and counterproductive.

“I find this endless string of government investigations wrong-headed, pointless, and, frankly, even anti-American,” Cramer stated.

He emphasized that while Google is a large and influential company, most Americans do not view it as harmful. He further noted the value of Google’s services, such as its search engine and YouTube platform, describing them as exceptional resources for consumers.

The DOJ’s actions stem from a landmark 2020 case accusing Google of violating anti-monopoly laws. In August, a US judge ruled that the company held an illegal monopoly over search and text advertising. On Tuesday, the DOJ recommended several remedies, including potentially breaking up Google’s search business to resolve antitrust concerns.

Cramer also criticized the DOJ’s similar antitrust cases against other major tech firms, including Apple and Amazon. He argued that these companies, which he referred to as “the envy of the world,” are essential for economic growth and market success. According to Cramer, Google has been a powerful equalizer and a valuable learning tool for people across the globe.

Google declined to comment on Cramer’s remarks, and the DOJ has not yet responded to requests for further information. European regulators have also considered breaking up Google, particularly due to concerns about how the company favors its own services over competitors. The US and EU are likely to increase scrutiny on Google in the coming years as regulatory pressure mounts under new laws, such as the EU’s Digital Markets Act.

With input from Bloomberg and CNBC.