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Big Tech is In Trouble, But That Doesn’t Mean Your Money Is
On Tuesday, October 20, 2020, the U.S. Department of Justice filed a 64-page lawsuit against Alphabet Inc. (NasdaqGS:GOOG)’s Google division under Section 2 of the Sherman Antitrust Act.
The Complaint aims to “restrain Google LLC (Google) from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and exclusionary practices, and to remedy the effects of this conduct.”
The lawsuit, 15 months in the making, brought by “The United States of America, acting under the direction of the Attorney General of the United States,” was joined by the States of Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, Missouri, Montana, South Carolina, and Texas.
Google called the complaint “dubious” and “deeply flawed.”
What’s at stake is Google’s stock market valuation and, to a lesser degree, Apple Inc. (NasdaqGS:AAPL)’s.
Here’s what the Complaint alleges, where the lawsuit might go, and how it could impact big tech…
The World’s First-Ever Digital Currency Is Now Live
The evolution of money is here… and it’s moving rapidly.
Celebrating a Manward Milestone This Week… and What It Means for You
Over the past four years, we’ve focused a lot of our attention on money. And the reason is simple.
This New Investment Is More Resilient Than Gold
It’s time to free the entrepreneurial spirit that is alive and well in America…
Beware of Selling Ahead of the Election
Believe it or not, last week was a positive week for stocks. It didn’t feel that way, but it was.
The Dow rose 0.1%, the S&P rose 0.2%, and the Nasdaq Composite rose 0.8%.
It was easy to think equities were slipping last week because of waning optimism in the face of virus spikes across 26 U.S. states and across some major cities in Europe, and because two drug giants, Johnson & Johnson (NYSE:JNJ) and Eli Lilly and Co. (NYSE:LLY) had to stop vaccine trials on account of “reactions.”
If that news wasn’t disheartening enough, jobless claims rose unexpectedly, and there was no movement on a stimulus package.
Will Bitcoin or the Dollar Win the War?
Nearly 2 in 3 Americans are worried about another Civil War. If that’s you… there’s a tie to the past you should know about.
The Supreme Court is About to Rock the Tech Stocks’ World… and Your Money Along with It
While controversy over the nomination and seating of a new Supreme Court justice prior to a presidential election is headline news, addressing the critical tech-centric controversy over Internet immunity, which includes influencing elections, will soon be before the Court.
And hardly anyone’s noticed.
But we all better take notice, because what the Court decides is going to impact the stock market and some of the biggest tech companies in the world.
Here’s what the Supreme Court decided on October 13, and what it means for your money…
How to Set Yourself Up for Big Profits This Earnings Season
Trading on earnings can be very profitable if you do it right. Here are a few tips to lower your risk…
How Will Your Stocks “Measure Up” This Season?
It’s earnings season. Around our place that means a couple of things… a couple of very different things.
Another Reason to Bet On Stocks – and Two to Buy Right Now
No, I haven’t lost my mind, and no, I’m not blindly bullish. I’m bullish for good reasons.
Yesterday, another prospective positive for the stock market landed on my desk in the form of a report from the New York Fed on what consumers did with the stimulus checks they got and what they’re saying they’ll do with the next check(s) when they get them.
Here’s what the report said, why it’s bullish, and two stocks to buy right now to play the news…