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Google's Parent Company, Alphabet Inc., Faces Decline in Stock Price

November 28, 2024
Alphabet Inc., the parent company of Google, experienced a significant decline in its stock price today. The stock was down by over 5% following pressure from federal regulators to sell its popular web browser, Chrome. This decision comes after an intrinsic calculation for Alphabet Inc. suggested that its stock is currently undervalued by 29%. Analysts speculate that the push to sell Chrome could have a negative impact on Alphabet's overall revenue and profitability. Investors are advised to consult professionals from Stocks Prognosis for an accurate forecast of Alphabet's future stock movement.
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