Alphabet stock was rising on Thursday as shares of the Google parent tried to recover from breakup concerns that had rattled investors on Wednesday. Alphabet’s Class A shares fell 2.3% on Wednesday after reports by Bloomberg News and the New York Times suggested that antitrust regulators are considering remedies for Google’s violation of antitrust law, including a proposal to break it up into distinct businesses. A 2.3% decline might not seem like much, but it’s substantial for a stock like Alphabet that is largely stable. Read More...
Alphabet stock was rising on Thursday as shares of the Google parent tried to recover from breakup concerns that had rattled investors on Wednesday. Alphabet’s Class A shares fell 2.3% on Wednesday after reports by Bloomberg News and the New York Times suggested that antitrust regulators are considering remedies for Google’s violation of antitrust law, including a proposal to break it up into distinct businesses. A 2.3% decline might not seem like much, but it’s substantial for a stock like Alphabet that is largely stable.
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