Platform-Addiction Ruling Crashes Alphabet Second-Place Contract to 30%
Alphabet's odds of being second-largest by market cap on June 30 are 30% Monday, down 50pp intraday after a California platform-addiction ruling dented GOOGL stock.
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Alphabet's contract on retaining the world's second-largest market cap by June 30 sits at 30% as of 21:13 UTC Monday, down 50 percentage points from a session high of 80% reached at 07:00 UTC. The contract held between 0.745 and 0.785 across 15 consecutive history points from 07:24 to 13:06 UTC — slipping to 0.725 at 13:30 UTC, then cascading to 0.515 at 13:55 UTC as a California platform-addiction ruling landed at the New York open, before hitting a session low of 0.23 at 17:10 UTC.
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