Alphabet (NASDAQ: GOOGL, GOOG), through Google, has recently achieved a legal victory by defeating a proposed class action lawsuit. The lawsuit accused Google of illegally profiting from Google Play gift card scams and refusing to refund millions of dollars to victims. A federal judge dismissed the case, marking a significant win for the tech giant.
This legal victory comes at a time when GOOGL’s stock price is approximately $169.58, showing a slight increase of 0.20% or $0.34. The stock has traded between $168.84 and $170.11 today. This stability in stock price reflects investor confidence in Google’s ability to navigate legal challenges effectively.
Over the past year, GOOGL has experienced a high of $191.75 and a low of $127.90. Despite these fluctuations, the company’s market capitalization remains strong at $2.08 trillion. This impressive market cap underscores Google’s dominant position in the tech industry, even amidst legal battles.
Today’s trading volume for GOOGL is 6.91 million shares, indicating active investor interest. The dismissal of the lawsuit may further bolster investor confidence, potentially influencing future trading volumes and stock performance.
To view the company’s latest earnings release, visit https://ibn.fm/1vFFk
About Alphabet Inc.
Alphabet is a collection of companies, the largest of which is Google. Larry Page and Sergey Brin founded Google in September 1998 and the company is headquartered in Mountain View, California. Billions of people use its wide range of popular products and platforms each day, like Search, Ads, Chrome, Cloud, YouTube and Android. For more information, visit the company’s website at www.ABC.xyz.
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