Why Shares of Alphabet (Google) Are Soaring Today

Both Class A and C shares of Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) popped about 8.4%, as of 10:48 a.m. ET today, after a federal judge ruled that the conglomerate will not have to divest its massive Chrome search business.In 2023, the U.S. Department of Justice filed a landmark lawsuit against Google for monopolistic practices in the search engine space, specifically related to its digital advertising practices. Last year, a federal judge sided with the DOJ and found that Google had run an illegal monopoly. The DOJ then requested that a judge require Google to divest its Chrome browser, a big driver of the company's search business that makes up more than half of the company's total revenue.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool