Alphabet Loses Antitrust Lawsuit

This is a Alphabet news story, published by Yahoo Finance, that relates primarily to Amit Mehta news.

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Alphabet stock

The Motley Fool

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What does Google parent company Alphabet's antitrust loss mean for its stock?

Summary

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68% Informative

Alphabet (NASDAQ: GOOG) has lost a landmark antitrust lawsuit in Federal court .

Judge Amit Mehta concluded, " Google is a monopolist, and it has acted as one to maintain its monopoly" The ruling focuses on Alphabet 's practice of paying other companies to make Google Search their default search engine.

Alphabet 's short-term and medium-term prospects have become less clear.

This may lead shareholders to sell, or at least not add shares.

However, such news may actually be an argument for buying shares slowly.

Google is widely perceived as the best search engine, even if it can no longer pay companies to be the default search engine.

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