With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
Google investors may have had a flashback on Monday to the company’s bad old days of 2015. Back then, Google’s growth looked as if it hit a wall, and investors didn’t trust the company to spend its money wisely.
Google parent Alphabet reported thinner profit margins as the Internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.
It wasn’t all that long ago that Microsoft was the European Commission’s nemesis. Facebook should take some lessons for the software giant to overcome its regulatory challenges.
Alphabet’s directors were sued by shareholders for approving a $90-million exit payment to Andy Rubin, the creator of the Android mobile software, while helping cover up his alleged misconduct.