- Alphabet Inc (NASDAQ: GOOG) (NASDAQ:GOOGL) Google shares are trading higher Thursday amid continued AI momentum, along with reports of Google phasing out third-party cookies for 1% of the users of its Chrome browser in the first quarter of 2024.
- The Big Tech firm reiterated its pledge to phase out third-party cookies in Chrome more broadly in the second half of 2024, Bloomberg cites VP Anthony Chavez.
- This week also Google shared plans to delete accounts that have remained inactive for two years, taking a cue from Elon Musk’s Twitter policy.
- Google’s new account activity policy considers various actions such as email interactions, Google Drive usage, YouTube viewing, app downloads from the Play Store, utilizing Search, and signing in to third-party apps or services with a Gmail account.
- This week saw hedge funds, including billionaire investor William Ackman’s hedge fund Pershing Square Capital Management and David Tepper’s hedge fund Appaloosa picking up new stakes in the stock.
- Today, the Supreme Court declined to address the legal liability shield protecting tech platforms from being held responsible for their users’ posts, which is a significant positive for Google’s YouTube, CNBC reports.
- The stock gained 37% YTD.
- Price Action: GOOG shares traded higher by 1.50% at $123.32 on the last check Thursday.
Avidity Biosciences And CleanSpark Were Among The 10 Biggest Mid-Cap Stock Gainers Last Week (June 9-June 15): Are These In Your Portfolio?
Top mid-cap performers: Avidity Biosciences, Iris Energy, Hims & Hers Health, John Wiley & Sons, Element Solutions, CleanSpark, Enovix Corp, Axcelis Tech, Intellia Therapeutics, Korn Ferry.
