Google's Chances Of Fines In Search, AdTech Lawsuits 'Relatively Low': Analyst
Portfolio Pulse from Michael Juliano
Alphabet Inc. (GOOGL, GOOG) faces multiple antitrust lawsuits, but an analyst suggests the likelihood of significant penalties is low. Despite a recent ruling against Alphabet for its search engine practices, the company plans to appeal. The analyst notes potential outcomes, including a Google Network spinout or a multi-billion dollar fine, but these are uncertain. Yelp has also filed a lawsuit against Google for monopolistic practices in local search services.
August 29, 2024 | 5:20 pm
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Apple Inc. is indirectly involved in Alphabet's antitrust lawsuits due to payments from Google to make its search engine the default on Apple devices.
Apple is mentioned in the context of Google's antitrust lawsuits due to payments made by Google to secure default search engine status on Apple devices. However, the direct impact on Apple's stock is minimal, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Alphabet Inc. faces antitrust lawsuits, but the likelihood of significant penalties is low according to an analyst. The company plans to appeal a recent ruling against its search engine practices.
The analyst suggests that the chances of Alphabet facing significant penalties from the antitrust lawsuits are low. The company's decision to appeal a recent ruling indicates a strategic approach to delay or mitigate potential impacts. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alphabet Inc. faces antitrust lawsuits, but the likelihood of significant penalties is low according to an analyst. The company plans to appeal a recent ruling against its search engine practices.
The analyst suggests that the chances of Alphabet facing significant penalties from the antitrust lawsuits are low. The company's decision to appeal a recent ruling indicates a strategic approach to delay or mitigate potential impacts. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100