Big Dreamers Win Fast
Dream on, my friend. This Monday we agreed to dream bigger with Google, and what actually happened just within 36 hours? Another 7.5% of price climbing in the extended trading this Tuesday night. Thanks to the federal judge of our dreams Amit Mehta, who ruled that Google Corporation is not required anymore to sell its most popular Chrome web browser. Protracted remedies in the Justice Department’s landmark antitrust case, and now Google and its shareholders have a happy-end. Now a new historical high for Google-parent Alphabet is $227.30 against $215.34 in the last session of August. Even if there would come some drawdown below $220 during volatile trading in the next couple of days, this is another reason to BUY MORE! Any price targets below $250 in Google shares are not even considered by me, from now on.
The decision now allows Google to avoid any potentially huge penalties, as the previous court earlier somehow found a case of an "illegal monopoly in the search market". As I supposed, this was all a deep state plot to keep Google's founders in line so they would be docile and not join the Trumpers camp. But the opposite happened, and the reins have been removed from this horse. The only formality now is that Google will be barred from "entering into exclusive contracts for internet search", but it is easy to avoid. The main thing is that Google as the self-created tech behemothб which also created its baby behemoth Chrome browser has no obligations of divesting its key assets.
The bright thing is that the decision also confirmed that Google will not have to sell off its Android operating system and will not be required to cease payments to Apple and other partners for preloading any of Google products. Google pays Apple to be the default search engine on iOS devices, so the latter piece of news also helped Apple shares to rise by 3.5% to $237.85. As for Google, it needs to "share" certain information with its competitors as a remedy for its prevailing position in the search market. A very encouraging decision also for any other IT giant of America, whose businesses have been subjected to attacks by regulators or individual lawsuits. Amazon, Apple, Meta, NVIDIA (pls forgive me if I overlooked anyone) can breathe a sigh of relief as well.
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