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The Department of Justice wants Alphabet to spin off the Chrome browser, but that may help Alphabet's stock in the long run.
Alphabet (GOOG -0.59%) stock dropped this week after the DOJ said it wants the company to spin off the Chrome browser. The twist, as Travis Hoium covers in this video, is that this could make Alphabet even more profitable.
*Stock prices used were end-of-day prices of Nov. 21, 2024. The video was published on Nov. 21, 2024.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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