Alphabet Class A (GOOGL) is in the spotlight this week due to a looming antitrust trial scheduled for September 22, concerning its alleged monopolistic behavior in online advertising. A prior ruling has already asserted that Google holds illegal monopolies, echoing concerns about its dominance in internet search. The company also faces rising competition in artificial intelligence from firms like Microsoft and Amazon. Additionally, Alphabet has strategically reduced its holdings in CrowdStrike amid these challenges, although its stock remains down 13% this year due to legal and market pressures.
Alphabet's antitrust trial is set for September 22, aiming to tackle alleged monopolistic practices in online advertising, amidst stiff competition in AI.
In Q1, Alphabet sold a large portion of its CrowdStrike shares, likely to capitalize on profits following a stock rebound post-global outage.
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