Here's why Google stock is down
Portfolio Pulse from
Alphabet Inc. (GOOGL) shares fell over 4% on November 21 due to the DOJ's call for Google to divest its Chrome browser as part of antitrust remedies.
November 22, 2024 | 12:30 pm
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Alphabet Inc. shares fell over 4% after the DOJ proposed that Google divest its Chrome browser as part of antitrust remedies.
The DOJ's proposal for Google to divest its Chrome browser is a significant regulatory challenge, leading to a 4% drop in Alphabet's stock. This indicates investor concern over potential impacts on Google's business model and market position.
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