Google stock hammered after DOJ calls for Chrome sale
In September, U.S. District Judge Amit Mehta ruled Google had illegally monopolized the search market.
Read more at Fortune
DOJ Seeks Google Sale Of Chrome In Antitrust Case. Will Trump ...
Google stock fell amid a DOJ request that a federal judge force parent Alphabet to sell its Chrome browser as part of antitrust remedies.
Read more at Investor's Business Daily
Google stock - 10 things to know with detail
Company Overview: Google is a multinational technology company that specializes in internet-related services and products. It was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University. Google's mission is to organize the world's information and make it universally accessible and useful.
Stock Symbol: Google's parent company, Alphabet Inc., is publicly traded on the NASDAQ stock exchange under the ticker symbols GOOGL (Class A shares) and GOOG (Class C shares).
Stock Performance: Google's stock has performed well over the years, consistently outperforming the broader market. As of October 2021, Google's stock price is trading at around $2,800 per share.
Market Capitalization: Google's market capitalization is one of the highest in the world, currently standing at over $1.8 trillion. This makes Google one of the most valuable companies in the world.
Revenue and Profitability: Google generates the majority of its revenue through advertising, particularly through its search engine and other online platforms. The company has consistently reported strong revenue and profitability, with annual revenues exceeding $180 billion.
Growth Drivers: Google's growth is driven by its dominant position in online advertising, as well as its expansion into other areas such as cloud computing, hardware, and artificial intelligence. The company continues to innovate and invest in new technologies to drive future growth.
Competition: Google faces stiff competition from other tech giants such as Amazon, Facebook, and Microsoft, as well as smaller players in various industries. The company also faces regulatory scrutiny and antitrust concerns in several countries.
Acquisitions: Google has a history of making strategic acquisitions to expand its business and enter new markets. Some notable acquisitions include YouTube, DoubleClick, Android, and Nest Labs.
Corporate Governance: Google is known for its unique corporate structure, with Alphabet Inc. serving as the parent company to various subsidiaries, including Google. The company is led by CEO Sundar Pichai, who took over from Larry Page in 2019.
Future Outlook: Google's future looks promising, as the company continues to innovate and expand its reach into new markets. With its strong financial position and market dominance, Google is well-positioned for further growth and success in the years to come.