Google Stock Plunges 9% As Alphabet Faces AI Disruption and DoJ Blowback

After Apple alluded to abandoning Google Search in Safari, Alphabet's stock fell sharply, escalating regulatory concerns and igniting...

Google is facing several issues at once

Quick overview

  • Alphabet's stock dropped by 10%, losing over $200 billion in market value after Apple hinted at moving away from Google Search in Safari.
  • The U.S. Department of Justice is intensifying its antitrust case against Alphabet, aiming to dismantle Google's advertising dominance.
  • Apple's potential shift to AI-powered search alternatives raises concerns about Google's future profitability and market position.
  • Investors are increasingly cautious as Alphabet faces significant regulatory pressures and technological disruptions.

After Apple alluded to abandoning Google Search in Safari, Alphabet’s stock fell sharply, escalating regulatory concerns and igniting concerns about the company’s fundamental operations.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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