Big Tech Breakup Won't Happen For This One Reason [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Forbes
Big Tech Breakup Won't Happen For This One Reason Getty The U.S. government recently announced it will launch an investigation into “big tech.” It is looking into whether Amazon (AMZN), Google (GOOG), and Facebook (FB) are too powerful and should be broken up. These are the 3rd-, 4th-, and 6th-largest companies on earth. Combined, they are worth over $2 trillion. And they’ve grown 470%, 175%, and 95% over the past five years. All three stocks tanked on the news. In recent weeks, Google has dropped 20%, Amazon 15%, and Facebook 18%. Even if you don’t own these stocks, you should care where they’re headed. Because where they go, the market is likely to follow. Google, Amazon, and Facebook are colossal companies. Together they make up almost 10% of the S&P 500. A smaller stock like Campbell Soup (CPB) could triple. And yet it wouldn’t move the needle as much as if Amazon rises just 1%. What I’m about to say might surprise you… Investors Are Worrying for Nothing There is little chance the
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News
- Alphabet tempers fears that it's falling behind in AI with blowout first-quarter results [MSNBC.com]MSNBC.com
- Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says [CNBC]CNBC
- CEOs make the message clear on AI's big payoff: Be patient [Business Insider]Business Insider
- PMY AND GOOGLE CLOUD TRANSFORM SPORTS VIEWING WITH ADVANCED DATA AND AI TECHNOLOGIES AT LIV GOLFPR Web
- Microsoft, Google Gain After AI Fuels Cloud Computing Demand [BNN Bloomberg (Canada)]BNN Bloomberg
GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 144
- GOOG's page on the SEC website