Google is trading 3.2% down at $336.26 after the UK Competition and Markets Authority proposed requiring Android and Chrome users to choose among search providers.
- The proposed choices could include ChatGPT and Perplexity; users would also be prompted annually.
- The proposal would require clearer publisher attribution, increasing competitive and regulatory pressure on Google’s search distribution.
- Broader risk-off trading is adding pressure, with the Nasdaq Composite down 1.05%.