Alphabet adds $230 billion in value after avoiding breakup in antitrust case
Alphabet shares rose 9.14% on Wednesday as investors viewed the result of Google's antitrust case as broadly favorable to the tech giant. Wednesday's gain added $234 billion to the company's market cap. Apple closed 3.81% higher, adding $130 billion to its cap. The U.S. Department of Justice had proposed a sort of breakup of Google, which included divesting its Chrome browser, in an antitrust case that began in September 2023. While Google was found to hold an illegal monopoly in its core mar