Bernstein does not expect Alphabet to be hurt by the EC's antitrust probe of the company's practices involving Android before 2019. However, after that point the company's position in mobile could be weakened as alternative versions of Android and new mobile browsers emerge ,and as traffic shifts to other search engines, according to the firm. It keeps a $1,050 price target and Outperform rating on Alphabet.
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here