The Supreme Court denied a bid to stay parts of an antitrust ruling affecting Google's Play Store. The Play Store would need to allow third-party downloads and have other payment options.
The Supreme Court denied Google's request to temporarily pause a lower court's ruling that the company must make changes to its Play app store. Google made the request regarding a ruling in the antitrust case filed by Epic Games, and the Supreme Court denied the request Monday (Oct. 6) without comment, Bloomberg reported Monday.
Alphabet (GOOGL) concluded the recent trading session at $250.43, signifying a +2.07% move from its prior day's close.
The U.S. Supreme Court declined on Monday to halt key parts of a judge's order requiring Alphabet's Google to make major changes to its app store Play, as the company prepares to appeal a decision in a lawsuit brought by "Fortnite" maker Epic Games.
The Justice Department and Google wrapped up a two-week hearing that could have a major effect on online advertising.
Alphabet Inc.'s Google has spent the past week in Virginia federal court seeking to persuade a judge that selling off its advertising exchange is too risky, technologically difficult and would disrupt the market.
Alphabet, Inc. remains a top pick in the Mag-7, offering strong growth, profitability, and attractive valuations despite the recent rally. Q2 2025 results showed 14% revenue growth, 32% Google Cloud expansion, and robust free cash flow, supporting continued buybacks and margin stability. GOOG trades at the lowest forward P/E in its peer group, with solid PEG and EV/EBITDA metrics, suggesting room for multiple expansion if AI monetization accelerates.
After lagging the market in the first half of the year, facing competitive threats in artificial intelligence (AI), pressure on its advertising stronghold, challenges to Google Search, and ongoing regulatory headwinds, the tech giant has just posted its strongest quarter in nearly two decades, in terms of stock performance.
Alphabet remains a buy, with core businesses justifying a market cap well above $2 trillion. GOOGL's Search, YouTube, and Cloud segments are conservatively valued, yet still support significant upside, with Cloud showing rapid margin growth. AI could add nearly $1 trillion in market cap over the next decade, with multiple monetization avenues and strong enterprise potential.
Alphabet has been preparing for two years to sell its life sciences unit, Verily, a company executive told a court Thursday (Oct. 2).
Alphabet's Google and Comcast-owned NBCUniversal said on Thursday they had reached a long-term agreement to ensure the continued availability of NBC shows, including "Sunday Night Football" and "America's Got Talent", on YouTube TV.
Alphabet's Google said hackers are sending extortion emails to an unspecified number of executives, claiming to have stolen sensitive data from their Oracle business applications.