From Nasdaq: 2024-11-21 10:55:50

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) dropped 4.6% after the DOJ requested the company to sell Chrome web browser due to antitrust concerns. The DOJ argued that Google’s actions gave it an unfair advantage, impacting competition. Alphabet defended itself, stating the demand would hurt consumers and its technological leadership.

The future of the case against Google is uncertain with a new administration incoming. Investors are wary of the impact on the stock. A federal court hearing in April 2025 will determine changes needed for Alphabet to no longer be considered an illegal monopoly. The case is expected to be resolved next year, impacting the stock further.

Consider investing in Alphabet with caution, as the company faces regulatory challenges. The Motley Fool Stock Advisor has identified 10 other stocks with strong potential for returns. Stock Advisor has outperformed the S&P 500 since 2002, providing valuable insights for investors. The outcome of the antitrust case against Alphabet could significantly impact the stock’s performance.



Read more at Nasdaq: Why Alphabet Stock Was Sliding Today