Alphabet's Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday
Google suffered a heavy blow in the antitrust case, and its dominant position in the Android app market may be overturned.
A US judge issued a permanent injunction forcing Google to provide an alternative to the Google Play Store for Android phone users to download applications. Google will also be prohibited from paying fees to companies or sharing revenue in exchange for not competing with Google's app store. Alphabet, Google's parent company, saw its stock price drop over 2.4%, dragging down the large cap stocks significantly after the midday break. Analysts say that the latest ruling may accelerate the weakening of Google and Apple's control over the app store.
Heightened Trading In Alphabet Stock May Drive Traffic To Direxion's GGLL And GGLS Funds
UBS: The market is unfriendly, Google's management has a responsibility, this is how it should be done!
According to Morgan Stanley, Google should increase the disclosure of generative AI; provide specific guidelines for capital expenditure and free cash flow of AI, and revise the quarterly guidance; disclose more comprehensive business sectors for YouTube and GCP; and emphasize Google's positive impact on society. These measures can help Google enhance investor confidence and increase valuation multiples.
Google is giving up selling part of its advertising business? But its customers insist: not enough yet!
① According to sources, Google may sell its advertising platform AdX to end the EU's antitrust investigation into its advertising business; ② Legal experts point out that at this stage, it is unlikely that the EU will require Google to divest its assets, but it is more likely to order it to cease anti-competitive behavior; ③ Google is currently involved in antitrust litigation in the advertising field with the US Department of Justice.
Google's YouTube launches Veo AI tool to help creators innovate their content.
Google-owned YouTube announced on Wednesday that it will introduce a series of advanced artificial intelligence features for creators on its Shorts platform, which are based on Google DeepMind's video generation model.