Should You Buy Alphabet Stock Following Its Antitrust Defeat? 3 Tech Watchers Weigh In.
Well, it's official: (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, has lost a landmark antitrust lawsuit in Federal court.
On Aug. 5, Judge Amit Mehta ruled that Alphabet has illegally stifled competition in the online search market. In his 277-page ruling, Mehta concluded, "Google is a monopolist, and it has acted as one to maintain its monopoly."
So, what does this all mean for Alphabet and its stock? In this article, three Motley Fool contributors discuss Alphabet's prospects and how investors should react.
Source Fool.com
Alphabet Inc. C Stock
€151.76
1.540%
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 8.72% for Alphabet Inc. C compared to the current price of 151.76 €.
