Antitrust Scrutiny Pulls Put Traders to Alphabet Stock
Alphabet(GOOGL) Schaeffers Investment Research·2024-08-14 14:11The Department of Justice (DOJ) is considering breaking up AlphabetThe Department of Justice (DOJ) is considering breaking up Big Tech titan Alphabet Inc (NASDAQ:GOOGL), after a court ruling determined the company monopolized the online search market, per a Bloomberg News report. This comes amid Alphabet's Pixel phone launch, which showcased its Gemini technology and positioned it as a leader in bringing artificial intelligence (AI) to smartphones.GOOGL was last seen down 1.2% to trade at $162.20, after a r ...