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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Factbox: Big Tech's market dominance spurs numerous U.S. antitrust probes

10/09/2020 | 02:44pm EDT
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google

WASHINGTON (Reuters) - The four Big Tech companies -- Alphabet's Google, Amazon, Apple and Facebook -- face an array of antitrust investigations at the federal and state level which were revealed in mid-2019.

While Democrats may be viewed as tougher on antitrust regulation, traditional Republican concerns about regulatory overreach appear to be overridden by anger over allegations that Big Tech tries to stifle conservative voices.

These are the inquiries that are underway:

Justice Department on Google: The U.S. Justice Department is expected to file a relatively narrow complaint within two weeks, which accuses Google of seeking to disadvantage rivals in search and in lucrative search advertising.

Justice Department on Apple: This probe, which was revealed in June 2019, appears to focus on Apple's app store. Some app developers have accused Apple of introducing new products and then pushing out apps which compete with them. Apple says it seeks to have only the highest quality apps in the app store.

Justice Department on Facebook and Amazon: In July 2019, the Justice Department said that it was expanding its Big Tech probes to include "search, social media, and some retail services online" -- an apparent reference to Facebook and Amazon as well.

Federal Trade Commission on Facebook: FTC officials probing Facebook have asked about past acquisitions, like Instagram and WhatsApp, and how Facebook treats app developers on its platform. The FTC told Facebook in June 2019 it was probing whether the company has engaged in unlawful monopolistic practices.

Federal Trade Commission on Amazon: In its probe of Amazon, the FTC is likely looking at the inherent conflict of interest of Amazon competing with small sellers on its marketplace platform, including allegations that it used information from sellers on its platform to decide what products it would introduce.

State attorneys probe Google: A group of state attorneys general led by Texas is expected to file a lawsuit focused on digital advertising, while a group led by Colorado is contemplating a more expansive lawsuit against Google that may also include concerns about its Android business.

State attorneys general probe Facebook: New York Attorney General Letitia James, who leads the state attorneys general probing Facebook, has said that the investigation would look at whether the company's actions endangered consumer data, reduced consumer choice or increased the price of advertising.

(Reporting by Diane Bartz; Editing by Aurora Ellis)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.80% 2434.87 Delayed Quote.38.93%
AMAZON.COM, INC. 2.17% 3489.24 Delayed Quote.7.13%
APPLE INC. 1.26% 131.79 Delayed Quote.-0.68%
FACEBOOK INC 1.64% 336.51 Delayed Quote.23.19%
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Financials (USD)
Sales 2021 236 B - -
Net income 2021 58 816 M - -
Net cash 2021 140 B - -
P/E ratio 2021 27,8x
Yield 2021 -
Capitalization 1 662 B 1 662 B -
EV / Sales 2021 6,45x
EV / Sales 2022 5,45x
Nbr of Employees 139 995
Free-Float 90,2%
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Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 48
Average target price 2 797,91 $
Last Close Price 2 434,87 $
Spread / Highest target 28,4%
Spread / Average Target 14,9%
Spread / Lowest Target -0,82%
EPS Revisions
Managers and Directors
NameTitle
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
Louis John Doerr Independent Director
Ann Mather Independent Director
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