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Alphabet Inc. Faces Pressure to Sell Chrome Amidst Falling Stock

November 24, 2024
Alphabet Inc., the parent company of Google, is facing increasing pressure from the federal government to sell its popular internet browser, Chrome. This news has had a significant impact on Alphabet's stock, with a decrease of over 5% in value.

The push for Alphabet to divest Chrome comes as regulators scrutinize the company's dominance in the tech industry. The concern is that by owning Chrome, Alphabet has an unfair advantage in the market, potentially stifling competition.

In response to the pressure, Alphabet CEO Sundar Pichai recently sold 22,500 shares of the company's stock. This move suggests that Pichai may be looking to mitigate potential risks associated with the ongoing regulatory scrutiny.

Experts from Stocks Prognosis recommend closely monitoring the movement of Alphabet's stock in the coming weeks. It is advised to consult with professionals for accurate predictions and insights into the future direction of the company's shares.

With Alphabet facing regulatory challenges and a decline in stock value, investors are urged to stay informed and make informed decisions regarding the movement of the company's shares.
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