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Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google shares are trading higher Thursday amid continued AI momentum, along with reports of Google phasing out third-party cookies for 1% of the users of its Chrome browser in the first quarter of 2024.
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The Big Tech firm reiterated its pledge to phase out third-party cookies in Chrome more broadly in the second half of 2024, Bloomberg cites VP Anthony Chavez.
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This week also Google shared plans to delete accounts that have remained inactive for two years, taking a cue from Elon Musk’s Twitter policy.
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Google’s new account activity policy considers various actions such as email interactions, Google Drive usage, YouTube viewing, app downloads from the Play Store, utilizing Search, and signing in to third-party apps or services with a Gmail account.
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This week saw hedge funds, including billionaire investor William Ackman’s hedge fund Pershing Square Capital Management and David Tepper’s hedge fund Appaloosa picking up new stakes in the stock.
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Today, the Supreme Court declined to address the legal liability shield protecting tech platforms from being held responsible for their users’ posts, which is a significant positive for Google’s YouTube, CNBC reports.
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The stock gained 37% YTD.
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Price Action: GOOG shares traded higher by 1.50% at $123.32 on the last check Thursday.
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This article What’s Going On With Alphabet Stock Today originally appeared on Benzinga.com
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