Google: The DoJ Gave Me An Early Christmas Present
Portfolio Pulse from
The Department of Justice's allegations against Alphabet's Chrome monopoly are considered weak, as users choose Google services voluntarily. Alphabet's Q3 revenues increased by 15%, with Cloud revenues up 35%, indicating strong growth potential. Subscriptions like YouTube Music and Premium are also growing, contributing to Alphabet's financial stability.
November 22, 2024 | 9:30 pm
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Alphabet faces weak monopoly allegations from the DoJ, but its Q3 revenues grew by 15% and Cloud revenues by 35%. Subscription services like YouTube Music and Premium are expanding, enhancing financial stability.
The DoJ's weak allegations are unlikely to impact Alphabet negatively in the short term. The strong revenue growth in Q3, particularly in Cloud services, and the expansion of subscription services like YouTube Music and Premium, suggest a positive outlook for Alphabet's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100