Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale

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Alphabet Bleeds Over $120 Billion In Market Value, Eyes Worst Day In 10 Months After DOJ Demands Google Chrome Sale - Benzinga

Quick Summary:

The most aggressive recommendation is a requirement for Alphabet to divest Google Chrome, the internet's leading browser with over 60% market share globally.

Shares of Alphabet Inc.(NASDAQ:GOOGL) (NASDAQ:GOOG) plunged more than 6% during Thursday morning trading in New York, marking their steepest decline since January 2024.

On Wednesday, the DOJ proposed measures aimed at curbing Google's dominance in search and digital advertising, potentially reshaping Alphabet’s core business operations.