Are Google's High Legal Costs A Drag on Its Stock Vs. Peers?
Google's operating expenses burdened by global lawsuits. Image created by the author. Google's earnings looked good enough on Wednesday to see it outperform Meta Platforms (META) for the remainder of the week. But hidden in the earnings report was this little gem: Alphabet, best known as Google, GOOG is still facing an unrelenting onslaught of lawsuits from numerous countries. Could this be a serious headwind versus its rivals? The company said that total operating expenses increased 20% in the second quart ...