Fundamental undervaluation of 8% based on EV/revenue SoTP. Lots of potential in segments such as Other bets and Cloud in the long term. Analyst estimates and the chart support my thesis.
Google investors and employees are cheering the recent antitrust decision. The ruling shifts power, creating risks for the search monopolist.
A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings, the company confirmed.
France's data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for failing to respect the law on internet cookies.
A federal jury ruled Google must pay $425 million for invading users' privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google accounts.
The favorable ruling for Alphabet yesterday buoyed the Nasdaq today; Q2 results came in late for Salesforce, American Eagle.
Alphabet NASDAQ: GOOGL just caught a significant break in its long-running battle with regulators. U.S. District Judge Amit Mehta issued his highly anticipated ruling on remedies in the landmark antitrust case against Google.
Major U.S. equities indexes finished Wednesday mixed after a report from the Bureau of Labor Statistics showed that job openings in July declined from the previous month, suggesting that tariffs and elevated interest rates have been weighing on the labor market.
Google dodged a pair of antitrust bullets on either side of the Atlantic this week but could still come under increased competitive fire, analysts said. The penalty imposed on the company by U.S.
A judge declines to break up the company, as artificial intelligence transforms search.
Wall Street analysts moved quickly to raise price targets on Google's parent company Alphabet Inc (NASDAQ:GOOG) after a US District Court issued a broadly favorable ruling on antitrust remedies, with both Wedbush and Oppenheimer framing the decision as a decisive win for the company. Wedbush said the Department of Justice's case “folded like a cheap suit,” lifting its price target to $245 from $205 while reiterating an ‘Outperform' rating.
Wall Street is steadying on Wednesday as Alphabet and other technology stocks rise.