Google Just Won Its Case - What Investors Should Do Now
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Google won the most favorable outcome in its antitrust lawsuit, overhanging for nearly 5 years. Judge Amit Mehta ruled Google avoids selling Chrome, crucial for connecting Google's services like Gmail, YouTube, and Google Drive with combined logins, synced bookmarks, and extensions. Stock up 9% to $230 per share, surpassing all-time highs.
Decision changes Google's interactions with businesses like Apple, imposes conditions for sharing information. Full outcome is a clearing event for Google, impacts future and valuation. Host holds Google as one of largest positions. Google's legal team statement provided. Commentary includes critics upset Google not broken up.
Jonathan Caner upset, saying missed opportunity for judge to reinvent markets.
Gene Munster 3 months ago called Google eBay with slow decline to obsolescence; now bullish, his new long. Mark Mahaney, top analyst, stuck neck out saying long and undervalued; host agrees Google remains undervalued, shared case yesterday, reviews Mahaney's today. Win for Apple too.
Other news: Netflix lets users customize clips, share on mobile. Compares Lululemon and Crocs apparel stocks, picks better buy.
Four basic parts. Biggest: no forced sale of Chrome, browser with billions of users, access to web, integrates Google properties.
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