Why Shares of Alphabet (Google) Are Soaring Today
Both Class A and C shares of (NASDAQ: GOOG)(NASDAQ: GOOGL) popped about 8.4%, as of 10:48 a.m. ET today, after a federal judge ruled that the conglomerate will not have to divest its massive Chrome search business.
In 2023, the U.S. Department of Justice filed a landmark lawsuit against Google for monopolistic practices in the search engine space, specifically related to its digital advertising practices. Last year, a federal judge sided with the DOJ and found that Google had run an illegal monopoly. The DOJ then requested that a judge require Google to divest its Chrome browser, a big driver of the company's search business that makes up more than half of the company's total revenue.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. A Aktie
307,00 €
-1,21 %
Starkes Kaufinteresse bei Alphabet Inc. A, mit einer großen Anzahl an Buy- und wenigen Sell-Einschätzungen.
Für Alphabet Inc. A ergibt sich ein leicht positives Potenzial, angesichts eines Kursziels von 334 € im Vergleich zu 307.0 €.
