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With no DOJ breakup, Alphabet becomes a $3 trillion company
Investors continue to reward Alphabet's stock after a judge declined to break up Google earlier this month.
Alphabet hit just over $3 trillion dollars in market cap on Monday as investors continue to reward it after a federal judge declined to break the company up. On Sept. 2, U.S. District Court Judge Amit P. Mehta outlined softer-than-feared remedies for his year-ago ruling that Google maintained an illegal monopoly in search. Beyond Google’s cash cow of search, its cloud computing business is also growing rapidly on the strength of its AI offerings.
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