Google Is Ruled a Monopoly. Should Investors Dump Alphabet Stock?
A U.S. federal judge has ruled that Google, owned by (NASDAQ: GOOGL), has violated Section 2 of the Sherman Act, indicating that the company has unfairly acted to maintain a monopoly.
The heart of the government's antitrust case centered on exclusive deals the company struck with smartphone makers such as Apple (NASDAQ: AAPL) and Samsung to be the default search engine of their mobile devices. These deals have become quite large over the years. For example, Google has a reported $8 billion, four-year deal with Samsung, while a revenue-sharing deal with Apple is believed to be worth over $20 billion a year. In 2021, Alphabet paid over $26 billion to provide the default search engine on various smartphones and web browsers.
Source Fool.com
Alphabet Inc. C Stock
€149.46
0.520%
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 10.4% for Alphabet Inc. C compared to the current price of 149.46 €.
