Reported 2 days ago
In a recent commentary, Jim Cramer expressed regret over his decision to sell shares of Alphabet Inc. (GOOGL), citing concerns about the company's potential legal troubles and monopolistic status. Despite an earlier decline of 16% in GOOGL's stock at the beginning of the year, Cramer noted its recovery due to strong performance in both its Search and cloud businesses. Reflecting on his misjudgment, Cramer acknowledged that he underestimated the company's potential for growth and profitability in light of recent market trends.
Source: YAHOO