Bernie Sanders Says Google May Be Worth $2 Trillion And Its Founders Worth $292B But It's Not Above Law: 'Break It Up'
Portfolio Pulse from Ananya Gairola
Senator Bernie Sanders stated that Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) might be worth $2 trillion, but it is not above the law, following a federal judge's ruling that the company's monopoly in the online search market is illegal. Sanders suggested breaking up the company to hold it accountable.
August 06, 2024 | 1:46 am
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Alphabet Inc. (GOOG) faces legal challenges after a federal judge ruled its monopoly in the online search market is illegal. Senator Bernie Sanders suggests breaking up the company.
The ruling and Sanders' comments could lead to increased regulatory scrutiny and potential breakup of Alphabet Inc., negatively impacting its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc. (GOOGL) is under legal scrutiny after a federal judge ruled its monopoly in the online search market is illegal. Bernie Sanders calls for breaking up the company.
The legal ruling and Sanders' suggestion to break up Alphabet Inc. could lead to significant regulatory actions, potentially affecting its stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100