Alphabet Shares Jump on Favorable Antitrust Ruling. Can the Stock Keep Its Momentum or Is It Too Late to Buy?

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) investors breathed a sigh of relief as one of the biggest potential risks involving the stock was removed. U.S. District Judge Amit Mehta finally handed down remedies in the Department of Justice's antitrust victory against the company's search business, but the outcome was far from punitive.The ruling said Google could hang on to its Chrome browser, which regulators had asked the judge to force Alphabet to sell. That would have been one of the worst-case scenarios. Instead, the company was told it could no longer lock in long-term exclusive search deals, but it is still allowed to pay for default placement. Deals now have to be renewed every year, but Alphabet can still have a revenue-sharing agreement in place with Apple. Mehta also made Google share some data with rivals, but he didn't try to break apart the company. The judge took into careful consideration what impact artificial intelligence (AI) may have on the future of search.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool