is this End of Alphabet ?
Alphabet's Stock Heads For Worst Day In 10 Months As Feds Push For Chrome Sale -- MarketWatch
Dow Jones
$Alphabet(GOOGL)$
6 minutes ago
Shares of Alphabet Inc. $(GOOGL)$ dropped 5.4% in morning trading, enough to pace the S&P 500 index's decliners, after the U.S. Department of Justice filed a document proposing a breakup of technology giant's Google search business. The stock's selloff was on track to be the biggest since the 7.5% selloff on Jan. 31. In documents filed late Wednesday, the DOJ urged a federal judge to push Google to sell its Chrome browser and force its Android smartphone software to stop favoring the Google search engine, as the Associated Press reported. The DOJ's plan was first reported on Monday by Bloomberg. Prior to Thursday's selloff, the stock had gained 2% since that report through Wednesday, as an actual sale of Chrome was viewed by many as unlikely. It was also uncertain if an incoming Trump administration would continue to push for the sale. The stock has rallied 19.2% year to date, while the S&P 500 has climbed 23.8%.
-Tomi Kilgore
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November 21, 2024 10:12 ET (15:12 GMT)
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
