Reported 3 days ago
Alphabet's stock could plummet by 15% to 25% if U.S. District Judge Amit Mehta orders Google to divest its Chrome browser, according to Barclays analysts. Following a significant antitrust ruling against Google, the Justice Department has argued for the divestiture, which could significantly impact Google's revenue. Analysts suggest that such an event would represent a 'black swan' occurrence for Alphabet’s stock, potentially leading to a major decline in earnings per share.
Source: YAHOO