Celebrating 10 Years of Trusted News Discovery
One News Page
> >

What Anxious Investors Need to Know About Alphabet Stock

Video Credit: The Street - Duration: 01:30s - Published < > Embed
What Anxious Investors Need to Know About Alphabet Stock

What Anxious Investors Need to Know About Alphabet Stock

Alphabet Inc.

Is off to an inauspicious start to the week as a number of internal and external factors weigh on Alphabet shares.

The scrutiny Alphabet faces from investors on Monday is likely focused most on the effect that the Google cloud outage had on consumers and some of its most prominent customers.

During the weekend outage, cloud-reliant companies such as Shopify , Uber , Sony PlayStation Network, and Snapchat went down alongside Alphabet's myriad of services such as YouTube and Gmail.

"We are experiencing high levels of network congestion in the eastern USA, affecting multiple service in Google Cloud, GSuite and YouTube," the company said on Sunday.

"Users may see slow performance or intermittent errors." A source of the issue was not identified and took four hours to come to a resolution.

The company said it is investigating the cause of the service outage.

The results of the investigation will be pivotal as the outage could encourage customers to evaluate alternative cloud options, such as the dominant Microsoft Azure or Amazon AWS cloud products.

While more speculative, the possibility of an antitrust lawsuit against Alphabet by the Department of Justice is potentially more damning in the long term if it materializes.

The WSJ reported on Saturday that the Federal Trade Commission (FTC) agreed to give the Justice Department jurisdiction over Google, threatening to bring a heavier hand down on the company's lucrative position in online advertising.

ALPHABET INC : BOFA MERRILL LYNCH SAYS DOJ PROBE IMPLICATIONS COULD INCLUDE REGULATIONS ON BUSINESS PRACTICES, OR ANTITRUST PROBE LEADING TO BREAKUP - RTRS — Martin Baccardax (@mdbaccardax) June 3, 2019 The potential for domestic interference in the company's business model adds to the company's problems abroad, which has led to billions in fines from European regulators over breaches of GDPR rules and restrictions handed down by Chinese officials.

As the Sino-American trade war progresses, the company could well appear on the forthcoming list of "Unreliable Entities" being prepared by the Chinese government in an effort to respond to the U.S. blacklisting of Huawei Technologies last month.

"Foreign enterprises, organizations and individuals that do not comply with market rules, violate the spirit of contract, block or cut supplies to Chinese firms with non-commercial purposes, and seriously damage the legitimate rights and interests of Chinese enterprises, will be added to the list of unreliable entities," Commerce Ministry spokesman Gao Feng said Friday.

For all you need to know amidst the uncertainty, tune in to Real Money's Stock of the Day coverage.


You Might Like

Recent related videos from verified sources

Markets Flash: What Investors Must Know Thursday [Video]Markets Flash: What Investors Must Know Thursday

Federal Reserve Chairman Jerome Powell heads to the Senate for the second day of his congressional testimony following his markets-approved address to the House. Powell's comments to the House..

Credit: The Street     Duration: 00:58Published

Here's How Anxious Investors Can Hedge Against Fed Uncertainty [Video]Here's How Anxious Investors Can Hedge Against Fed Uncertainty

The Federal Reserve under chairman Jay Powell has been somewhat mercurial to say the least. Into the close of 2018, there was a gradual tightening of interest rates to come more in line with historic..

Credit: The Street     Duration: 02:33Published

Jim Cramer Tackles the DOJ and Google, Apple's WWDC and Boeing's Headlines [Video]Jim Cramer Tackles the DOJ and Google, Apple's WWDC and Boeing's Headlines

Here's what's happening in the markets. The DOJ and Google Over the weekend, it was reported that the DOJ is considering an antitrust investigation into Real Money Stock of the Day Alphabet's Google ..

Credit: The Street     Duration: 06:17Published

Tariff Protection for Your Portfolio -- ICYMI [Video]Tariff Protection for Your Portfolio -- ICYMI

President Trump's tariffs are wreaking havoc in the U.S. stock market, but investors may have dragged down some stocks that don't deserve it. First off, the S&P 500 is down 4.6% since May 3, the last..

Credit: The Street     Duration: 03:55Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.