Why Alphabet Stock Is Falling Today
Shares of the technology giant Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) were sliding this morning after the company announced it's purchasing the cloud security company Wiz for $32 billion in an all-cash deal. Wiz will become part of Google Cloud when the deal closes later next year. Investors may have been disappointed by the size of the acquisition, which is the company's largest to date. Alphabet's stock was down by 3.2% as of 11:37 a.m. ET.Image source: Getty Images.Continue reading
Shares of the technology giant Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) were sliding this morning after the company announced it's purchasing the cloud security company Wiz for $32 billion in an all-cash deal.
Wiz will become part of Google Cloud when the deal closes later next year. Investors may have been disappointed by the size of the acquisition, which is the company's largest to date. Alphabet's stock was down by 3.2% as of 11:37 a.m. ET.
Image source: Getty Images.
