Why Alphabet Stock Was Sliding Today

Motley Fool
2024.11.21 15:56
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Shares of Alphabet fell sharply after the U.S. Justice Department requested a judge to order the sale of its Chrome web browser amid ongoing antitrust scrutiny. The DOJ's case argues that Google's practices create an unfair advantage, impacting its business model. While Chrome is not a direct revenue source, its loss could significantly affect Alphabet's ecosystem. The case is set for a hearing in April 2025, with potential implications for the company's future and stock performance.