erickhoosg
2023-01-16
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@OptionspuppyIt’s been a tough year for Google stock in 2022. After a strong start to the year, the stock has been stuck in a downward trend since the beginning of April. This has been a difficult period for investors, as Google’s stock has dropped over 40% since the start my purchased in April 2022 at average price of 135 . I did some sell options to fromJuly to jan to earn $10 of options income . I still currently lose $35 times 100 shares .$Alphabet(GOOG)$ as shown in the pictures do like comment and repost if u like my honesty The main cause of the decline has been investor concerns over the company’s slowing growth. Google’s core business, search advertising, has been under pressure due to increased competition from other tech giants such as Amazon and Microsoft. Additionally, the company’s other businesses, such as cloud computing and hardware, have not been able to make up for the slowdown in search advertising. Google’s stock price has been further weighed down by the company’s ongoing legal troubles. The company has been hit with multiple antitrust investigations from the U.S. Department of Justice, as well as from other governments around the world. These investigations have put a cloud of uncertainty over the company, and investors have been hesitant to invest in the stock. Google’s management has been trying to reassure investors by highlighting the company’s strong balance sheet and cash flow. They have also been investing in new businesses, such as artificial intelligence and cloud computing, in an effort to diversify the company’s revenue streams. While the future of Google’s stock is uncertain, there may be some hope for investors. If the company can successfully navigate its legal issues and continue to invest in new businesses, the stock may be able to recover from its current slump. For now, though, Google stock appears to be caught in a downward trend. @TigerEvents @Daily_Discussion @TigerStars do feature me so other t tiger users can see from history how i am caught in a downtrend
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