Should You Invest in Alphabet Ahead of the DOJ's Next Moves?
(NASDAQ: GOOG) (NASDAQ: GOOGL) suffered a major setback on Aug. 5 after the U.S. Department of Justice (DOJ) ruled that Google had illegally monopolized the online search and text advertising markets. In a statement, Attorney General Merrick Garland called the antitrust victory a "historic win for the American people" which showed that "no company -- no matter how large or influential -- is above the law".
That ruling clears the way for another trial, in which the DOJ will directly target Google's dominance of the display advertising market, on Sept. 9. Several recent reports suggest the DOJ could push for a breakup of the tech giant through the divestments of its Android operating system and Chrome web browser, or force Google to share more of its data with other advertising platforms while introducing tighter restrictions for its AI-driven services.
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Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 10.32% for Alphabet Inc. C compared to the current price of 149.56 €.
