Jim Cramer criticizes DOJ’s stance on Google and a possible breakup

CNBC’s Jim Cramer disagreed Wednesday with the Justice Department’s move to consider a possible breakup of Googlestating that the company benefits consumers, businesses and the US

“Google is an aggressive company. It has a large reach, it has a lot of power, it operates in many markets. But I defy you to find ordinary people in this country who think Google is a bad actor,” he said. “Google search is the most incredible business in the world, and the same goes for YouTube.”

The government filed a landmark case accusing Google of violating antitrust laws in 2020, and in August a US judge ruled that it had an illegal monopoly on search and text advertising. The DOJ on Tuesday made recommendations for Google’s search business and revealed it is considering breaking up the company to fix anti-rust issues.

In a filing released Tuesday, the DOJ said actions needed to “prevent and restrict the maintenance of monopoly could include contractual requirements and prohibitions; requirements for non-discrimination products; data requirements and interoperability; and structural requirements”.

Cramer questioned the DOJ’s antitrust lawsuit against Apple and the Federal Trade Commission case that Amazon illegally holds monopoly power. These Big Tech outfits are “the envy of the world” and help investors make money in the market, he claims. Google, he added, was “an incredible equalizer and an amazing learning tool.”

“I find this endless string of government investigations misguided, unnecessary and, frankly, even un-American,” he said.

Google declined to comment, and the Justice Department did not immediately respond to a request for comment.

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Disclaimer CNBC Investing Club Charitable Trust owns shares of Google, Apple and Amazon.