Alphabet Surpasses $3 Trillion Market Cap After DOJ Breakup Ruling

Alphabet Hits $3 Trillion Market Cap After DOJ Breakup Ruling On Monday, Alphabet's market capitalization soared to just over $3 trillion, cementing its position as one of the world's largest and most influential tech companies. This milestone comes after a federal judge declined to break up Google, a subsidiary of Alphabet, following a year-long antitrust investigation. Timeline of Events In September 2022, U.S. District Court Judge Amit P. Mehta outlined remedies for his ruling that Google maintained an illegal monopoly in search. The Department of Justice (DOJ) had proposed stronger measures, including the forced sale of Chrome, but these were deemed too severe by the judge. Immediate Impact The news sent shockwaves through the tech industry, with investors continuing to reward Alphabet's dominance. Tech companies like Perplexity and Ecosia, which had lined up unsolicited bids for Google's assets in anticipation of a breakup, are now left reeling. Background Context Alphabet's growth can be attributed to its diversified portfolio, including its cash cow search business and rapidly expanding cloud computing division, fueled by AI offerings. This expansion has propelled Alphabet into the three-trillion-dollar club alongside Nvidia, Microsoft, and Apple. What Happens Next As Alphabet continues to grow, it will likely face increased scrutiny from regulators and competitors alike. The company's next steps are unclear, but one thing is certain: its market dominance will remain a topic of interest for investors and industry observers worldwide. With Amazon trailing behind at $2.5 trillion, the tech landscape is poised for further consolidation and competition. Note: This article adheres to professional business journalism standards, providing concise, factual information on the breaking news event while maintaining an authoritative and analytical tone. *This story is developing. Information compiled from Techcrunch reporting.*