Google's Stock Rises for Two Consecutive Days Despite US Government Lawsuit

Regulatory Measures Deemed Ineffective
Facebook, Twitter, and Other SNS Stocks Rise Together

[Asia Economy New York=Correspondent Baek Jong-min] Google, which has been sued by the U.S. government for antitrust violations, has shown strong performance in the stock market for two consecutive days.

On the 21st (local time), Alphabet, Google's parent company, was trading at $1,613, up 4% compared to the previous day as of 10 a.m.

Alphabet recorded about a 5% increase over two days, following a rise of over 1% on the day the lawsuit was filed.

Market experts agree that the impact of this lawsuit on Google's corporate value will be limited. They view this lawsuit as a process of resolving latent risks.

Mark Tepper, CEO of Strategic Wealth Partners, said, "This has already been an investment risk highlighted over the past several years and will not change my outlook."

He also predicted that the positions of the government and the courts would be limited. He questioned, "Will the government acquire Google's business and then offer it to a larger giant like Microsoft?"

Famous investor and CNBC anchor Jim Cramer also called the government's antitrust lawsuit against Google a "loser case," expecting it to rather boost Alphabet's stock price.

Cramer explained, "The Department of Justice is trying to break up Google to increase its value, but this is like upgrading the investment rating from 'buy' to 'strong buy'." He added, "If you are a current shareholder, whether Google is split or not as a result of the lawsuit, you will remain a shareholder. This is a very good situation."

Facebook also experienced a sharp rise in its stock price despite pressure from the U.S. government’s antitrust regulations. Facebook's stock price is also up about 5% today. Twitter's stock price is rising about 8%, which is attributed to the strong earnings report released by SNS company Snap the day before, causing a surge in stock prices.